Crypto exchange HTX rotates wallets to evade UK sanctions, says TRM Labs; HTX denies wrongdoing.

Blockchain firm TRM Labs reports that crypto exchange HTX frequently changes its wallet addresses across multiple chains to avoid UK sanctions imposed on its parent company, Huobi Global, in May. TRM claims this tactic helps HTX evade static sanctions screening, while HTX insists these wallet changes are routine security measures common in the industry. The UK sanctions target Huobi Global for alleged support of Russia-linked financial activities, and regulatory pressure on HTX continues with ongoing FCA legal actions. TRM recommends behavior-based monitoring to better track such wallet activity, but HTX maintains compliance with regulations and denies attempting to bypass sanctions.