HTX, FCA Engage in Settlement Talks Over Alleged Crypto Marketing Missteps

HTX and the UK Financial Conduct Authority (FCA) have entered settlement talks over allegations that the crypto exchange illegally promoted its services to British consumers. The High Court proceedings, which were paused in March, will remain halted until late August while negotiations continue.

The FCA sued HTX in October after accusing the exchange of targeting UK consumers without authorization. This is the regulator's first court case against a crypto company over marketing services to British customers.

HTX has faced sanctions from both the UK and European Union linked to alleged Russia-related financial activity. The exchange, formerly known as Huobi, was added to the FCA's warning list of unauthorized firms in 2023 and 2024.