Justin Sun's HTX Agrees to Leave UK in Settlement With Financial Watchdog
Summary
HTX is leaving the UK after settling a Financial Conduct Authority lawsuit over unlawful crypto promotions. A High Court order requires Huobi Global S.A., formerly associated with HTX, not to knowingly make promotions that breach UK law. The exchange has stopped accepting UK deposits and sign-ups; existing customers are blocked from trading and told to withdraw assets before account closure. The confidential settlement is not an admission of liability. The FCA said the case was its first enforcement action against a crypto firm under UK financial-promotion rules. The move comes amid UK and EU sanctions against Huobi Global over alleged links to Russia’s financial sector; HTX says that entity is distinct from its online exchange.
