HTX (Huobi) Exchange
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·322YPN…suQ8Summary
HTX, formerly Huobi Global, is one of the world's largest centralized cryptocurrency exchanges by trading volume, rebranded in September 2023 under the influence of TRON founder Justin Sun. On May 26, 2026, the UK Foreign, Commonwealth and Development Office designated Huobi Global S.A. — the Panama-registered legal entity behind the exchange — under Regulation 17A of the Russia (Sanctions) (EU Exit) Regulations 2019, making HTX the first major global crypto exchange to receive banking-style sanctions from UK authorities. Blockchain analytics firms TRM Labs and Elliptic documented over $4.9 billion in direct flows from HTX to sanctioned Russia-linked entities since 2021, and UK authorities allege the platform channeled over $1.5 billion to Russia through connections to previously sanctioned entities Garantex and the A7 payments network.
Connected Entities
13 entities · 60 linked investigations- World Liberty Financial→mentioned with→Binance(70%)
- A7A5 Ruble Stablecoin / A7 Network→mentioned with→TRON(70%)
- Justin Sun→mentioned with→HTX(70%)
- Justin Sun→mentioned with→World Liberty Financial(75%)
- Justin Sun→mentioned with→Bitcoin(70%)
- Justin Sun→mentioned with→TRON(70%)
- HTX (Huobi) Exchange→mentioned with→Bitcoin(75%)
- HTX (Huobi) Exchange→mentioned with→Binance(65%)
- HTX (Huobi) Exchange→mentioned with→World Liberty Financial(75%)
- HTX (Huobi) Exchange→mentioned with→Bitget(65%)
- + 34 more
1 submission awaiting moderator review.
Timeline(20 events)
15 May 2013
Leon Li acquires huobi.com domain; Huobi exchange founded in China
HTX Wikipedia / HTX officialAugust 2017
Huobi and OKCoin reported to have invested ~$150 million of idle client funds in wealth-management products without clear disclosure
HTX WikipediaSeptember 2017
Chinese government bans ICOs and domestic crypto exchanges; Huobi pivots to global operations
HTX WikipediaAugust 2018
Huobi completes reverse takeover of Hong Kong electronics manufacturer Pantronics Holdings, achieving HK Stock Exchange listing
HTX Wikipedia22 June 2021
Huobi data breach exposes 4,960 users' data due to improper AWS credential handling in Japan testing environment
Bitcoinist22 March 2023
SEC files civil lawsuit against Justin Sun, Tron Foundation, BitTorrent Foundation, and Rainberry Inc. alleging illegal securities distribution, market manipulation, and fraud
Pandaily / CoinDesk24 September 2023
HTX hot wallet hacked; approximately $7.9 million in ETH stolen due to private key leak
Halborn / Finance Magnates25 September 2023
Huobi rebrands as HTX; 'H' for Huobi, 'T' for TRON, 'X' for exchange
HTX official / The Block7 October 2023
September 2023 hacker returns stolen ETH funds; confirms hot wallet private key had leaked
Finance MagnatesNovember 2023
HECO Chain bridge drained of ~$86.6 million; additional $12 million stolen from HTX hot wallets; HTX states it covered losses
Blockworks7 March 2025
Garantex disrupted by Western law enforcement; post-disruption HTX flows to Garantex successor exchanges subsequently accelerate 43% monthly
TRM LabsSeptember 2025
World Liberty Financial blacklists Sun-affiliated wallet after on-chain analysts flag transfers routed through HTX
CoinDesk8 October 2025
FCA files civil proceedings against HTX in UK High Court for unlawful promotion of cryptoasset services
FCA press release10 February 2026
FCA publicly announces civil proceedings against HTX; places HTX on UK consumer Warning List; requests app store removals
FCA press release5 March 2026
Justin Sun settles SEC fraud case for $10 million via Rainberry Inc.; personal charges and foundation charges dismissed with prejudice
US News / CoinDesk21 April 2026
Justin Sun files lawsuit against World Liberty Financial over alleged wrongful freezing of 2.9 billion WLFI tokens
CoinDesk26 May 2026
UK FCDO designates Huobi Global S.A. under Regulation 17A of Russia sanctions regime as part of 18-entity package; first ever banking-style sanctions applied to a major crypto exchange
UK Government / CoinDesk / Bloomberg27 May 2026
HTX publicly rejects UK sanctions allegations; claims designated entity is legally distinct; major exchanges including Binance, OKX, Bybit, and Bitget increase transfer scrutiny
CoinDesk / Crypto TimesDecision Log
- slot 426514657 · hash FReNG3zE4kWxC1ALCKVM3tgvgTTW4uHyiGUvqAAKd235
- slot 426514654 · hash 3k5RuMgeE4XLjaQ1EtC8xejo2g2Cc3Vt77Nd1rAqCoVz
- slot 426259573 · hash C1kAYem7oMewiDa4nEVTNosfQHJzmWMUnoXC2Aampk9t
- slot 426259570 · hash CBnqXpnRJQw4pMQtPb4hmrquC6Cr7mthNyLRmyjDHigr
- slot 422558360 · hash DNJ36nbCLBRjdj7iafiv4pbbDY76WVJ4Kaquy6oA9tDr
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 24 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/27/2026, 6:39:32 PM
last updated: 5/27/2026, 6:39:32 PM
5 viewsavoid.net — verified advice for a post-truth world