Binance Blocks HTX And 10 Entities Amid Regulatory Sanctions

Woofun AI reports that Binance has announced the suspension of transaction processing for HTX and ten other listed crypto platforms, effective August 23. This operational shift stems from recent regulatory developments, prompting the exchange to restrict interactions with these specific entities.

The restrictions apply to HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode, and EXMO. Transactions attempted on or after the effective date will be held for compliance review. Per Woofun AI, impacted wallets may also face restrictions while this review is ongoing.

HTX was added to the European Union's sanctions package targeting Russia in late July. The UK government designated Huobi Global S.A. in May, citing support for Russia via A7 LLC and Garantex Europe OU. HTX denied these allegations, arguing the designation applies only to Huobi Global S.A. as a separate legal entity.

However, the UK's Office of Financial Sanctions Implementation considers the HTX exchange subject to sanctions due to its ownership by Huobi Global.

Additional pressure emerged when the US Treasury sanctioned Shelbit and Aban Tether on August 7. This marks a coordinated tightening of regulatory enforcement across major jurisdictions. The convergence of these actions signals heightened scrutiny on exchanges with ties to sanctioned entities.