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 financial restrictions amid the Ukraine conflict. While HTX's assets are not frozen, EU users must withdraw funds within a 30-day wind-down period. HTX, formerly Huobi and linked to Justin Sun, reported $3.3 trillion in 2025 trading volume, highlighting the scale of the platform affected by these sanctions.
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...
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...
