In brief
- The U.K. sanctioned HTX and other crypto firms over alleged ties to Russian sanctions evasion networks.
- British institutions are now barred from doing business with HTX, and may have to freeze transactions linked to the exchange.
- HTX founder Justin Sun is currently tied up in a legal feud with the Trump family’s crypto firm.
The United Kingdom announced a package of sanctions Tuesday against entities accused of aiding Russia—including HTX, the massive crypto exchange founded by Justin Sun.
The U.K. government sanctioned HTX for “making available funds, economic resources, goods or technology to individuals and entities in the Russian financial sector.” HTX is one of the largest crypto exchanges in the world, which last…
