Binance to restrict transactions involving HTX, 10 other crypto platforms

Summary

Binance said it will stop processing transactions involving HTX and 10 other crypto platforms and service providers starting Aug. 23, citing recent regulatory developments. The affected entities include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode, and EXMO. Transactions sent on or after the effective date may be held for compliance review, and related wallets could also face restrictions during that process. The move comes after HTX, formerly Huobi, was added to the EU’s Russia-related sanctions package in late July. The UK had also designated Huobi Global S.A. in May, alleging support for Russia-linked entities. HTX denied the allegations, but UK sanctions officials later said the exchange itself is considered subject to the sanctions because it is owned by Huobi Global.