EU Sanctions HTX Over Alleged Russian Ties

The European Union has placed HTX, a crypto exchange linked to Justin Sun, on its sanctions list over allegations that it helped Russian users evade financial restrictions.

According to Reuters, EU authorities included HTX in the bloc's 21st sanctions package against Russia over the war in Ukraine. The measures cover banks, crypto networks, oil traders, energy revenue channels, and vessels suspected of operating within Russia's shadow fleet.

HTX faces transaction restrictions but not an asset freeze. The EU action does not require the exchange's assets to be frozen, unlike a full sanctions designation.