Justin Sun's HTX 'Rotating' On-Chain Wallets Amid UK Sanctions: TRM Labs
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Justin Sun's HTX exchange is reportedly rotating on-chain wallets across various blockchains to evade UK sanctions, causing address-list screening to struggle in keeping pace. This move is likely aimed at circumventing detection, but its effectiveness remains uncertain. The constant shifting of funds complicates anti-money laundering efforts, underscoring the ongoing cat-and-mouse game in cryptocurrency compliance.
TRM Labs says the UK-sanctioned exchange has rotated hot wallets across blockchains, leaving address-list screening struggling to keep pace.