The British government sanctioned crypto entrepreneur Justin Sun’s global crypto exchange HTX on suspicion of supporting the Russian government, placing a spotlight on a billionaire who until recently was a key backer of the Trump family’s cryptocurrency businesses.
The U.K. Foreign Office said HTX provided financial services to two businesses strategically significant to authorities in Russia: a Kremlin-backed crypto network called A7, and a Moscow-based crypto exchange named Garantex. Both have been previously sanctioned by U.S. authorities.