HTX exchange officially addressed the sanctions against Huobi Global S. A. indicating that the matter would not affect its own global operations and that and all user funds are safe.
"HTX is aware of the recent developments regarding the UK sanctions designations...arrived today without prior notice or any supporting evidence shared with us. To clarify, the listed entity Huobi Global S. A. is distinct from the online HTX exchange. While Huobi Global S.A. will work with relevant UK authorities to understand the basis for the action and to address any concerns promptly, the designation does not and should not have any impact on the online HTX exchange," the exchange articulated.
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The following section is from the initial publication after news broke about the UK sanctions against Huobi Global S.A.
The UK government today designated Huobi Global S.A, the Panama-registered entity operating Justin Sun-advised crypto exchange HTX, under its Russia sanctions regime.
The move targets entities accused of supporting Russia’s financial sector and enabling sanctions evasion through cryptocurrency channels.
Announced on May 26, 2026, as part of a broader package cracking down on Russian crypto networks, the designation adds Huobi Global S.A. alongside other platforms like EXMO Exchange.
UK authorities cited ongoing concerns over P2P trading and facilitation that could help Russia bypass Western restrictions.
However, the action directly impacts the exchange he publicly promotes and strategically influences.
What UK Sanctions Mean for HTX Users and Partners
Designated entities face strict UK asset freezes and prohibitions on dealing in funds or economic resources.
British individuals and businesses must immediately cease transactions with HTX and report any exposure to the Office of Financial Sanctions Implementation (OFSI).
This compounds existing FCA enforcement against HTX for illegal financial promotions to UK consumers, including court actions and app/social media blocks.