UK Targets Justin Sun-Controlled HTX Entity Over Russian Crypto
The post UK Targets Justin Sun-Controlled HTX Entity Over Russian Crypto appeared on BitcoinEthereumNews.com. The UK government has added Huobi Global SA, a Panama-based entity linked to the HTX crypto exchange, to its sanctions list over alleged involvement in Russian crypto transactions. According to the British Foreign Office, the company provided financial services to two entities already under UK sanctions: A7 Limited Liability Company, the issuer of the ruble-backed stablecoin A7A5, and Garantex Europe OU, the operator behind the crypto exchange later rebranded as Grinex. The ruble-backed stablecoin crosses $100B in transactions in 2026. Source: Elliptic. British authorities claim transactions worth more than $1.5 billion were processed through HTX infrastructure for individuals connected to those entities. Although Justin Sun was not personally sanctioned, the move places fresh scrutiny on his broader crypto network and HTX’s operations in Western markets. How Justin Sun Is Conn