EU Sanctions HTX Over Alleged Ties to Russia
The European Union has placed HTX, a cryptocurrency exchange linked to Justin Sun, on its sanctions list due to alleged ties to Russia.
According to Reuters, the EU published the list after adopting its latest restrictions on Thursday, adding another regulatory challenge for one of the world's largest crypto exchanges.
The EU measures cover banks, crypto networks, oil traders, energy revenue channels, and vessels suspected of operating within Russia's shadow fleet.
HTX, formerly known as Huobi, was founded in China in 2013 and acquired by Sun in 2022. The exchange does not immediately respond to Reuters' request for comment on the EU action.
The restriction places HTX within the group of crypto businesses covered by the package's transaction controls, but unlike a full sanctions designation, it does not require an asset freeze.