KuCoin Blocks Transactions Linked to Sanctioned Platforms
KuCoin has expanded its sanctions screening to indirect crypto transfers across 17 platforms, including the Justin Sun-linked $HTX exchange. The move means users can face held or rejected transactions even when they don't transact directly with one of the listed platforms.
According to an Aug. 27 compliance notice, KuCoin will screen the source of funds, originating and destination addresses, and intermediary service providers for connections to the affected entities.
The controls track recent US and European sanctions actions but extend beyond direct counterparties. The list includes Shelbit, Aban Tether Exchange, A7 Nigeria, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode, Exnode Pay, and EXMO.
$HTX is the most consequential name on KuCoin's list by scale and faces similar restrictions elsewhere. Binance stopped processing transactions involving $HTX and 10 other platforms from Aug. 23 as part of its own sanctions-compliance measures.