HTX says users harmed by 'indiscriminate risk control' following UK sanctions

Following the UK government's decision to add Huobi Global S.A., an entity linked to crypto exchange HTX, to its Russia sanctions list, HTX has stated that indiscriminate risk controls by the industry are causing widespread harm to users. Molly, a core builder at HTX DAO, said on X that normal users are facing transfer restrictions and blocked trades. She added that accounts on other platforms have even been frozen simply for depositing funds withdrawn from HTX. "If there are concerns about a platform, the measures should target that platform, not cause indiscriminate harm to ordinary users," Molly argued. She urged the industry to improve its risk control standards and implement a more precise review system for legitimate users associated with HTX.