EU Names Justin Sun's HTX in Russia Sanctions, Two Months After UK
The EU added HTX, the crypto exchange linked to Tron founder Justin Sun, to its 21st Russia sanctions package. The listing targets HTX’s operator, Huobi Global SA, and bars EU persons from transacting with it starting August 23, though it does not freeze assets or fully designate the exchange. The EU also expanded crypto restrictions to 14 more service platforms in several countries and warned it may impose a future full ban on crypto services from third countries that help Russia evade sanctions. HTX is accused of helping move funds tied to Moscow, including through the A7 network and its ruble-pegged stablecoin. The UK sanctioned HTX in May over similar concerns, but the U.S. has not yet taken action. HTX denies wrongdoing and says its wallet activity is routine and security-driven.
