HTX denies UK sanctions allegations as new data flags $7.6B Russia-linked flows
60-second summary
HTX denies UK sanctions allegations, stating it has no involvement in Russia's "A7" shadow network, while new data reveals $7.6 billion in Russia-linked flows passed through the exchange. Analysts flag these high-risk transactions as a potential concern, raising questions about HTX's risk management and compliance practices, potentially impacting investor confidence in the platform.
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.