HTX exchange removed the Trump family-backed stablecoin USD1 and suspended its trading pairs after World Liberty Financial (WLFI) froze certain blockchain addresses linked to HTX without clear legal justification. HTX criticized the unilateral freeze as harmful to users and called on WLFI to reverse the restrictions, converting USD1 holdings to USDT at a 1:1 ratio. The dispute follows sanctions-related tensions involving HTX's associated entities and adds to ongoing legal battles between HTX adviser Justin Sun and WLFI. HTX warns it may take legal action if the issue is not resolved.
HTX, a crypto exchange linked to Justin Sun, is removing the USD1 stablecoin from World Liberty Financial (WLFI) on June 7, converting all user USD1 balances to USDT at a 1:1 ratio. This follows WLFI freezing HTX-related blockchain addresses due to s...
HTX suspended trading of WLFI and USD1 tokens after the World Liberty Financial (WLFI) team froze user tokens on HTX-linked addresses due to a UK sanctions compliance review. The exchange converted all USD1 holdings to USDT at a 1:1 ratio to protect ...
