The European Union has included crypto exchange HTX (Huobi Global SA) in its 21st sanctions package against Russia, effective August 23, barring EU, EEA, and Swiss individuals and companies from transacting with the platform. This move targets 14 crypto platforms accused of undermining sanctions related to Russia's invasion of Ukraine. While the ban stops short of freezing assets, affected users have three months to withdraw funds or close accounts. The sanctions form part of a broader package targeting 48 individuals and 170 entities, including major banks and financial institutions, aiming to tighten restrictions on Russia's financial networks amid ongoing conflict.
The European Union has added crypto exchange HTX to its sanctions list, banning all transactions between EU entities and HTX starting August 23. This move is part of the EU's 21st sanctions package targeting entities allegedly helping Russia evade fi...
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 f...
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...
