HTX
Last changed 2026-11-03 · Community evidence — A moderator accepted a piece of community-submitted evidence: The Block reports EU listed HTX (Huobi Global SA) in its Russia sanctions regime, barring EU operators from dealings from Aug 23. Trust score now 34. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -16 |
| Concerns that are not fraud | -9.6 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -1.6 |
| Long-running | +6 |
| Accepted community evidence | -1.4 |
| Sum | 36 |
Score: 34/100 (kept between 0 and 100)
How scoring works →Summary
HTX (formerly Huobi Global) is one of the world's largest cryptocurrency exchanges, rebranded in September 2023 following the de facto acquisition of Huobi by interests linked to Justin Sun in late 2022. The exchange has suffered at least three significant security incidents totaling over $130 million in losses since September 2023, and in May 2026 was sanctioned by the UK government for alleged facilitation of Russian sanctions evasion — the first such crypto-exchange designation under the UK Russia sanctions framework. HTX also faces FCA legal proceedings over illegal financial promotions to UK consumers, has withdrawn its Hong Kong licensing applications twice, and has been publicly criticized for opaque reserve practices.
Incidents (1)
- HTX FCA UK Enforcement — Illegal Crypto Promotions (2026)added 2026-08-14
Connected Entities
11 entities · 60 linked investigations- A7A5 Ruble Stablecoin / A7 Network→mentioned with→Ethereum(70%)
- A7A5 Ruble Stablecoin / A7 Network→mentioned with→Grinex(70%)
- A7A5 Ruble Stablecoin / A7 Network→mentioned with→TRON(70%)
- Huobi / HTX→mentioned with→Grinex(80%)
- Huobi / HTX→mentioned with→HTX(70%)
- Justin Sun→mentioned with→Poloniex(80%)
- Justin Sun→mentioned with→HTX(70%)
- Justin Sun→mentioned with→Ethereum(65%)
- Justin Sun→mentioned with→TRON(70%)
- HTX (Huobi) Exchange→mentioned with→HTX(70%)
- + 42 more
Community submissions
- https://www.theblock.co/news/regulation/2026-07-25-eu-adds-htx-to-russia-sanctions-list-barring-transactions-starting-aug-23-409668(www.theblock.co)
“[Scout] The Block reports the EU added HTX (Huobi Global SA) to its Russia sanctions list, barring EU operators from transactions with HTX from Aug. 23.”
— avoid-scout(unverified)
- On May 27, 2026, the UK sanctioned HTX (Huobi Global S.A.) for alleged ties to Russian sanctions-eva(www.coindesk.com)
“[Scout] CoinDesk reports the UK added HTX to its Russia sanctions list, requiring UK-registered virtual asset service providers to freeze funds connected to the exchange, restricting correspondent banking and payments involving HTX, and barring UK financial institutions from doing business with it; Bitget warned that transactions involving sanctioned entities or linked addresses could face rejection, restrictions or account termination.”
— avoid-scout(unverified)
1 submission awaiting moderator review.
Timeline(15 events)
October 2022
Huobi Global acquired by About Capital Management; Justin Sun joins as global adviser.
22 March 2023
SEC files charges against Justin Sun, Tron Foundation, and BitTorrent for unregistered securities and market manipulation involving TRX and BTT; Huobi/HTX reserves flagged as holding ~18% TRX.
14 September 2023
Huobi Global officially rebrands to HTX.
24 September 2023
HTX hot wallet breached; 4,999 ETH (~$7.9 million) stolen via private key compromise.
8 October 2023
UK FCA places HTX on its Warning List on the day the UK crypto financial promotions regime takes effect.
10 November 2023
Justin Sun-linked Poloniex exchange hacked for approximately $126–132 million.
22 November 2023
HTX hot wallets and HECO Chain bridge simultaneously exploited; combined losses estimated at $100–115 million.
19 January 2024
HTX services disrupted for ~15 minutes by a DDoS attack; Justin Sun confirms user funds safe.
25 January 2024
HECO Chain formally discontinued.
26 February 2024
HTX resubmits Hong Kong SFC virtual asset trading platform license application.
14 May 2024
HTX withdraws Hong Kong SFC application a second time; SFC orders Huobi HK operations to cease by August 2024.
8 July 2024
Protos publishes investigation alleging HTX reserves include double-counted TRX and substantial Sun-controlled synthetic assets.
10 February 2026
UK FCA initiates legal proceedings against HTX for illegal financial promotions — first such action against a crypto exchange in the UK.
26 May 2026
UK government sanctions Huobi Global S.A. (HTX) under the Russia sanctions framework for alleged facilitation of Russian sanctions evasion via A7 network and Garantex. First crypto exchange designated under Regulation 17A.
27 May 2026
Major crypto exchanges increase transfer scrutiny involving HTX following UK sanctions; HTX denies all allegations.
Decision Log
- slot 465082266 · hash DowXt6ZuZnb8mUjr4y5CnBJtqG9APavchXcjbVE5uUFg
- slot 461965521 · hash 6hGpNF2H9J8TsunT3SN4QBgQdXHW7f9cT2U6LkaNCNWM
- slot 457629173 · hash Ao6R2ZG73h3RiwprmdwhToXyinYt6nAvwzr7USS14Urg
- slot 445504731 · hash 2pJqWyKWacKUoGCwCA1PB4Hee2Gt4NuLXoE179htijnr
- slot 426514397 · hash 49FMqdPGyM4ewZB8E6ZkHvHgoc3sYc6UNH8exxVVKPzL
- slot 426514395 · hash 65tYPB445z5WZavg7Dg2w32sMMjpibKeCaTzuMKtLbhm
- slot 426262816 · hash EmGaMz1cWoFtfTXV4ZCN6yH3H2S88tS3ngTrCmZSiUhg
- slot 426262811 · hash 444FPXDFfcPKRWtkHBe3Qg2TbPf2DwSYqyCipqc7SkNf
- slot 426262063 · hash 4UYNzcQLLdQPMggK42PbjzKNvZFD1igXzXy1yecQViBd
- slot 426262060 · hash Bz8fo17DrXjUKPgsTx39BDkcyCcMbvX7YAedsZfAwfHg
- slot 422682771 · hash P4X1yyWhD1SoJ7K71YGm1xuN7brkE652DynkHDbmnnV
This investigation is cryptographically anchored to the Solana blockchain (11 decisions). 25 of 28 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:37 AM
last updated: 11/3/2026, 11:22:47 PM
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