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 curbing illicit finance connected to Russia, have led to legitimate users being wrongly flagged and assets frozen, complicating enforcement efforts. Industry experts warn that blanket sanctions on HTX affect many lawful customers and create challenges for stablecoin issuers and decentralized finance protocols. The fallout has also caused disputes between HTX and other crypto firms, highlighting the broader impact of sanctions on the crypto ecosystem.
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...
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 ...
