Binance will stop processing transfers to and from HTX and ten other crypto platforms starting August 23. This list matches exactly, name for name, the firms in the European Union’s latest sanctions package, adopted on July 23 as Council Regulation 2026/1848. The United Kingdom froze the assets of Huobi Global S.A., the Panamanian company behind HTX, on May 26, citing links to Russian payment network A7, affiliated with sanctioned Moldovan politician Ilan Shor and Russian state bank Promsvyazbank. HTX claims 59.49 million registered users, with approximately 420,000 active in spot trading during the first half of the year. Britain’s Financial Conduct Authority (FCA) has also sued HTX in London’s High Court over illegal crypto advertisements. Users have nine days to move their funds before the ban takes effect.
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