UK sanctions HTX-linked entity formerly known as Huobi Global
The UK government on May 26 imposed sanctions on HUOBI GLOBAL S.A., an entity linked to crypto exchange HTX, alleging it provided financial services, funds or economic resources to A7 Limited Liability Company as part of a broader crackdown on Russian sanctions-evasion networks. The measures also covered crypto platforms including Garantex Europe OU, alongside banks and related firms. The decision follows the Financial Conduct Authority's legal action in February against HTX over alleged unlawful financial promotions to UK consumers. Justin Sun serves on HTX's global advisory board.