Upbit to suspend deposits and withdrawals linked to EU-sanctioned HTX

South Korean exchange Upbit announced on its website it will suspend deposits and withdrawals involving crypto exchange HTX, which has been designated under European Union sanctions, starting today. Upbit said it will also restrict the registration of withdrawal addresses related to HTX to prevent money laundering risks tied to criminal fund inflows and outflows and to protect customer assets. HTX had already been included on a UK sanctions list in May, and measures including withdrawal restrictions were applied at the time.