HTX delists WLFI, converts user USD1 balances to USDT

HTX has ceased trading services for World Liberty Financial (WLFI) and its stablecoin, USD1, according to Wu Blockchain. The move follows a decision by WLFI in May to freeze HTX-related on-chain addresses after the UK added the exchange to its sanctions list. HTX claimed the freeze was implemented without sufficient prior consultation or a clear legal basis, restricting some users' ability to trade their WLFI holdings. To protect its users, HTX suspended WLFI trading and halted USD1 deposits and withdrawals. The exchange also converted all USD1 balances on its platform to USDT and credited them to user accounts. HTX emphasized that the frozen addresses belong to regular users, not sanctioned individuals or the exchange itself, and has urged WLFI to lift the freeze.