Binance blocks HTX transfers from Aug 23, draining ETH liquidity amid sanctions.

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.