UK Sanctions Justin Sun’s HTX Crypto Exchange Over Russia Ties
BeInCrypto
The UK government has sanctioned Huobi Global S.A., the operator of the HTX crypto exchange, over allegations of enabling Russian sanctions evasion.Summary
The UK government has designated Huobi Global S.A., the entity behind the HTX crypto exchange, under its Russia sanctions regime. This action, part of a broader crackdown, accuses the platform of facilitating financial activities that assist Russia in bypassing Western sanctions. While Justin Sun remains personally unlisted, the sanctions mandate an immediate asset freeze and prohibit UK entities from transacting with HTX, adding to existing FCA enforcement actions against the exchange for illegal financial promotions.
(Source：BeInCrypto)