HTX, a crypto exchange owned by Justin Sun, transferred $1.3 billion of its reserve funds to an undisclosed third-party custodian following UK sanctions accusing it of aiding Russian entities. This move likely aims to protect legitimate users from having their funds frozen due to increased government scrutiny. Several exchanges, including Binance, Bybit, OKX, and Hyperliquid, have started banning transfers linked to HTX, affecting both guilty and innocent users. Despite these challenges, HTX maintains it has full reserves backing user assets and recently saw strong capital inflows.
UK sanctions targeting an HTX-linked entity have caused widespread disruption in crypto compliance systems, with a report identifying over $21 billion in high-risk transactions linked to the exchange from 2021 to May 2026. The sanctions, aimed at cur...
The UK's sanctions targeting an HTX-linked entity, Huobi Global S.A., have led to widespread compliance restrictions in the crypto industry, freezing funds of ordinary users who previously interacted with the exchange. Blockchain investigator ZachXBT...
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...
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...
