The European Union has expanded its sanctions against Russia by banning 14 crypto platforms, including Justin Sun-owned HTX, accusing them of helping blocked Russian entities move funds and bypass sanctions. This move prohibits EU persons and firms from transacting with these platforms, signaling a tougher regulatory stance on crypto services aiding sanctions evasion. The EU's action marks a shift in enforcement, allowing bans on entire countries hosting such platforms, increasing pressure on crypto jurisdictions with weak sanctions controls. This crackdown highlights crypto's evolving role from a sanctions loophole to a key enforcement point.
Cryptocurrency markets show a general downward trend with major coins like Bitcoin falling 2.11% to $63,720 and Ethereum dropping 2.61% to $1,853.16. Other notable declines include Solana, Cardano, and Avalanche, reflecting ongoing market volatility....
HTX exchange, formerly Huobi Global, is rotating its hot wallets every few hours and moved $1.3 billion to an undisclosed third party following UK sanctions. This tactic complicates traditional sanction screening methods, which rely on static address...
After the UK sanctioned Huobi Global S.A., parent of crypto exchange HTX, for alleged Russian sanctions evasion, HTX responded by frequently changing its hot wallets across multiple blockchains. This tactic makes traditional address-based sanctions s...
Most major cryptocurrencies experienced price declines, with Bitcoin falling 1.41% to $65,588 and Ethereum down 1.20% to $1,917.73. Other coins like Binance Coin and Solana also saw decreases, while a few tokens such as RAIN and GRAM showed gains. Th...
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 sanction...
