Binance will stop all deposits and withdrawals involving HTX and ten other platforms starting August 23, 2026, due to sanctions related to HTX's founder Justin Sun and ties to Russia. This move has already reduced liquidity in HTX's ETH trading book, causing potential market disruptions and price volatility. The decision follows expanded UK and EU sanctions and affects multiple exchanges adjusting to new compliance rules. Traders should watch for increased price divergence and liquidity challenges on HTX after the cutoff date.
HTX, formerly known as Huobi, has faced enforcement actions by the UK's Financial Conduct Authority (FCA) for allegedly providing financial services to Russia-linked firms and illegal financial promotions. The FCA has banned HTX from operating in the...
The UK's Financial Conduct Authority (FCA) and crypto exchange HTX are reportedly in settlement discussions regarding HTX's illegal crypto promotions in the UK. This marks a significant step in the FCA's enforcement against unauthorized crypto market...
The UK Financial Conduct Authority (FCA) is in settlement discussions with crypto exchange HTX over allegations of unauthorized crypto promotions to UK customers. This marks the FCA's first court enforcement action against a crypto firm for illegal m...
