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UK sanctions Huobi Global S.A., operator of HTX, over alleged role in Russia’s “A7” shadow network, as new analysis claims the exchange handled billions in high‑risk flows.
The UK sanctioned crypto exchange HTX due to alleged ties to Russian sanctions evasion networks and illicit financial activity.
U.K. authorities sanctioned HTX, saying there were "reasonable grounds to suspect" the crypto exchange was helping Russia by cooperating with ruble stablecoin A7A5.
Formerly Huobi Global, the exchange is the latest entity to be named as part of a crackdown on companies “exploited by Russia to circumvent UK sanctions.”
The United Kingdom sanctioned a large crypto exchange, accusing it of "supporting the government of Russia."
