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EU sanctions crypto exchange HTX, owned by Justin Sun, for aiding Russia in evading sanctions.

Market News
24 Jul 2026
Coingape
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Bearish
pluang ai news

The European Union has included Justin Sun's HTX crypto exchange in its latest sanctions against Russia, targeting entities suspected of helping Russia bypass sanctions amid the Ukraine conflict. HTX, formerly known as Huobi and one of the world's largest crypto exchanges, is accused of facilitating Russian users to evade restrictions. This move follows similar sanctions by the UK earlier this year but does not include asset freezes or a full designation. HTX claims compliance with regulations and is expected to respond to the EU's actions as crypto regulations tighten post-MiCA deadline.

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