U.K. sanctions HTX over suspected ties to Russian crypto operations

The UK's sanctions on HTX highlight increasing regulatory scrutiny on crypto exchanges, potentially reshaping global crypto compliance norms. The post UK sanctions Huobi Global S.A. for ties to Russia sanctions-evasion networks appeared first on Crypto Briefing.

Formerly Huobi Global, the exchange is the latest entity to be named as part of a crackdown on companies “exploited by Russia to circumvent UK sanctions.”

British financial institutions are now barred from doing business with the exchanges—and may face penalties for interacting with crypto transactions that pass through them.

The United Kingdom has sanctioned Huobi Global S.A., now linked to HTX, in a Russia-focused action targeting crypto channels accused of helping sanctioned networks move funds. According to the UK government, the latest sanctions package freezes assets connected to the…

PRESS RELEASE. The evolution of finance is fundamentally a silent revolution focused on breaking barriers and enhancing efficiency. From the ringing bells of the Amsterdam Stock Exchange to the historic prosperity of New York’s Wall Street, traditional finance (TradFi) has built a vast, rigid, and tightly regulated capital operation system over the past centuries. However, […]

On May 22, the global crypto community celebrated the annual Bitcoin Pizza Day. On this special day, which marks the origin of the blockchain spirit, HTX chose to leave its mark through compassion. The platform visited 42 GD Government School & Mosque in Okara, Pakistan, to host an educational charity

Justin Sun moved 41.99m Spark worth $1.23m from Spark to HTX, adding to roughly 610m SPK in exchange-bound flows since 2025 and renewing sell-pressure and governance worries. Justin Sun has resumed large Spark (SPK) withdrawals from Spark, moving 41.99 million…

The post How Justin Sun Is Quietly Converting $20 Billion in TRX Into Hard Crypto Assets appeared on BitcoinEthereumNews.com. TLDR: Justin Sun controls roughly 60 billion TRX tokens, representing 63% of the total supply in circulation. HTX acquisition allows Sun to channel user deposits into JustLend, using TRX as near-unlimited collateral. The Tron Inc. Nasdaq reverse merger lets Sun swap on-chain tokens for U.S. dollars without crashing markets. Sun’s WLFI investment created an off-exchange token swap that converts TRX exposure into tradable assets. Justin Sun’s financial maneuvers have drawn scrutiny after a detailed analysis revealed how the Tron founder may be converting illiquid TRX holdings into hard assets. Crypto analyst Punk2898 outlined several methods Sun allegedly uses to manage his vast token reserves. Sun reportedly controls around 60 billion TRX tokens, valued at over $20 billion, but faces major liquidity challenges due to the sheer size of his position in the market.