Major crypto exchanges increase transfer scrutiny with HTX over UK sanctions
CoinDesk
Major crypto exchanges are tightening compliance checks on transfers involving HTX following the exchange's designation under new U.K. sanctions linked to Russia.Summary
Following the U.K. government's decision to sanction HTX over alleged ties to Russian financial networks and sanctions evasion, several major cryptocurrency exchanges—including Binance, OKX, Bybit, and Bitget—have implemented heightened scrutiny. British authorities suspect HTX of facilitating financial services for entities like the A7 network, which is accused of moving billions into Russia. While HTX has rejected these allegations and claimed the sanctioned entity is distinct from its operational exchange, platforms are now requiring additional compliance reviews, warnings of potential account restrictions, or the freezing of funds for users interacting with HTX-linked addresses.
(Source：CoinDesk)