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 criticized the sanctions as an overreach, noting that compliance systems flag wallets with any historical connection to HTX, affecting many retail users with no illicit ties. HTX denies the sanctions apply to its platform and has escalated tensions with World Liberty Financial by delisting its USD1 stablecoin. The sanctions highlight challenges in crypto compliance, where broad enforcement can unintentionally impact innocent users while some illicit activities remain undetected.
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...
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 ...
