EU sanctions HTX exchange for allegedly helping Russia circumvent EU sanctions, stopping short of a full asset freeze.
Regulation & Gov ·
The European Union added HTX, the exchange associated with Justin Sun, to its 21st sanctions package targeting Russia on Thursday, placing it on a list of firms accused of obstructing EU restrictions. Under the operator name Huobi Global SA, the exchange faces a transaction ban beginning August 23, though the measure stops short of freezing assets. The action follows the UK's May designation of HTX and comes after reports that the platform had restructured its wallet infrastructure across multiple blockchains since that earlier sanction.