UK Issues Sanctions Against Justin Sun's HTX, Other Crypto Firms Over Alleged Russia Ties
The United Kingdom imposed sanctions on crypto exchange HTX, accusing it of providing funds and services to the Russian financial sector, specifically to the Russian exchange A7, which purportedly helps Russia evade international sanctions. As a result, all UK institutions are now banned from engaging financially with HTX, and any crypto transactions that have passed through HTX may be treated as prohibited, requiring UK crypto firms to freeze related assets. HTX responded by asserting compliance with laws and stating the sanctions were imposed without prior notice or evidence, adding that its operations and user funds remain unaffected. Earlier, the UK took legal action against HTX for unlawfully promoting crypto services to UK clients, leading HTX to restrict new UK customer signups. Justin Sun, who owns HTX, has faced previous legal and financial controversies in both the UK and US.
