May 26th the UK FCDO put HTX on their sanctions list, claiming they helped Russia move over $1.5 billion through Garantex and Grinex. And they used bank level sanctions, it has literally never been done to a crypto exchange before.

After dropped, Binance, OKX, Bybit, Bitget all put out notices saying any transfers involving HTX would get extra scrutiny. Funding rates on bydfi started moving too, a lot of people were repositioning. HTX came out and said the sanctioned entities are separate from the actual online exchange, basically saying it’s not the same thing. But then people started bringing up Justin Sun’s ties to HTX again, and that whole conversation blew up in the community.

Honestly, that is an exchange doing massive daily volume and they just got sanctioned like that. Does this mean any country can just pull this move whenever they feel like something’s off?

submitted by /u/Additional-Engine402 [link] [comments]r/CryptoCurrencyRead More

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