EU sanctions crypto exchange HTX, banning transactions from Aug 23 over Russia links

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.