UK-Sanctioned HTX 'Rotating' Wallets, Says TRM Labs
DECRYPT ·
A new report from blockchain intelligence firm TRM Labs says that crypto exchange HTX has kept operating under the same brand following UK sanctions, while rebuilding its on-chain infrastructure. HTX has rotated wallets across TRON, Ethereum, BNB Smart Chain, and Solana, creating a “continuous moving target for compliance professionals,” TRM Labs said. The exchange told Decrypt the activity reflects "routine, security-driven platform operations," and rejected any characterization implying otherwise. Crypto exchange HTX has rebuilt its underlying wallet infrastructure in the weeks since the UK sanctioned it , rotating deposit and hot wallets on a rapid cycle, blockchain intelligence firm TRM Labs said in a report Tuesday. The exchange has “rebuilt its on-chain plumbing,” TRM Labs said, with the result that address-list screening “cannot keep pace” The Office of Financial Sanctions Implementation designated Huobi Global S.A., the entity behind HTX, on May 26, the first time the UK applied the measure to a crypto exchange of that size. The package of sanctions targeted crypto exchanges and the "A7 network," which British authorities said was "used by Russia to evade existing restrictions" and channel funds to fuel its invasion of Ukraine. In the announcement, the UK government flagged HTX as a "major global cryptocurrency exchange" suspected of having channeled more than $1.5 billion to the Kremlin.
AI 시장 분석
According to blockchain analytics firm TRM Labs, the UK-sanctioned cryptocurrency exchange HTX is rotating wallet addresses to move funds in an apparent effort to evade sanctions. This activity is interpreted as an attempt to dodge regulatory oversight and could increase pressure for stricter regulations across the crypto market. Investors should closely monitor on-chain fund flows of exchanges and regulatory responses.
하락 영향
- Cryptocurrency — HTX's wallet rotation and apparent sanctions evasion could trigger heavy regulatory crackdowns and increased compliance costs across the cryptocurrency market, potentially dampening investor sentiment.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
Bullish (Long) 44% · Bearish (Short) 56%
537 participants
Related News
- Taiko Security Incident: A Postmortem and Next Steps
- Bitcoin will get 'lift' from Hyperliquid, Robinhood in next crypto bull market: Bitwise exec
- 'Not currently the right capital solution': Smarter Web sells 178 bitcoin to repay $11.7M convertible instrument
- Axe Compute Signs $1.3B in New Contracts, Clearing Its Full-Year 2026 Target in July
- Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It
- Cryptocurrency exchange BitMEX to shut down
