Sun Promises Full Compliance After Exchange Faces UK Sanctions

Justin Sun, who sits on the advisory board of HTX Global, posted a short message on X. He said he is watching the situation closely and trusts that HTX will cooperate with UK authorities to resolve any concerns. Sun added that the company is committed to following all relevant laws and working with law‑enforcement agencies around the world. The UK government recently added Huobi Global S. A. , the parent company that runs HTX, to its sanctions list. The claim is that Huobi Global provided financial support or technology to people in Russia’s banking sector. Under UK rules, the entity can have its assets frozen and is banned from dealing with residents in Britain.HTX responded by saying that Huobi Global S. A. is a separate legal entity from the online exchange. The company insisted that this split means its global operations and user funds are untouched. HTX also noted that the UK’s decision came without prior notice or evidence to back it up. Founded in China in 2013, the platform had to leave that country after a 2017 ban on crypto trading. It changed its name from Huobi to HTX in December 2023, with the letter “T” standing for Tron, a blockchain that Sun created. At the moment, HTX’s trading price is around two millionths of a dollar, down about 1. 2 percent over the past day, according to market data.