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Tim Baker

HTX removes WLFI's USD1 after June 8, 2026 freeze, as $276M lawsuit expands

HTX, the exchange backed by Justin Sun, delisted USD1 on Sunday, June 8, 2026 after World Liberty Financial (WLFI) froze certain HTX on-chain addresses, citing sanctions compliance. The move led HTX to halt USD1/USDT, BTC/USD1, ETH/USD1, and WLFI/USDT pairs and convert user USD1 balances to USDT at a 1:1 ratio. The delisting follows Sun's $276M federal lawsuit filed in April 2026, which has since developed into litigation in two U.S. jurisdictions.
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