HTX says UK-sanctioned Huobi entity is separate from its exchange operator

HTX has clarified that Huobi Global S.A., an entity recently added to the UK government's Russia sanctions list, is a separate legal entity from the one that operates the HTX cryptocurrency exchange. In a post on X, HTX DAO core builder Molly explained that while the brands are similar, the global business operates through distinct legal entities in different jurisdictions. Molly stated that the sanctions are limited to asset freezes and the suspension of cooperation with financial institutions within the UK and do not affect global user assets or the exchange's overall operations. The clarification comes after news broke today that the UK had sanctioned the entity for allegedly supporting the Russian government. Following the announcement, community members reported that funds withdrawn from HTX were being frozen by some other exchanges. Molly attributed these issues to some overseas security firms applying a blanket risk tag to HTX-related addresses, which disrupted normal fund transfers and fueled market anxiety. HTX confirmed that its deposit, withdrawal, and trading functions are operating normally and that it is in discussions with relevant institutions to resolve the matter.