HTX keeps rotating wallets to evade UK sanctions screening: TRM Labs
The Block·
60-second summary
HTX continues to rotate wallets to evade UK sanctions screening, according to TRM Labs. This practice involves transferring funds between wallets to conceal ownership and origin, making it difficult for authorities to track transactions. UK authorities sanctioned HTX in May for its alleged role in facilitating Russian sanctions evasion, highlighting the ongoing challenge of crypto regulation.
UK authorities sanctioned the crypto exchange in May for its alleged role in facilitating Russian sanctions evasion.