Justin Sun’s HTX lands on EU sanctions list over alleged Russia ties

The European Union has placed Justin Sun-linked HTX among 18 crypto companies accused of helping Russian users evade financial sanctions. Summary EU lists Justin Sun-linked HTX among crypto firms accused of helping Russians evade sanctions. HTX faces transaction restrictions, but the EU action does not include an asset freeze. Separate rules will restrict Belarusian ownership of MiCA-regulated crypto firms from Aug. 25. According to Reuters, the EU published the list on Friday after adopting its latest restrictions on Thursday, adding another regulatory challenge for one of the world’s largest crypto exchanges. HTX, formerly known as Huobi, did not immediately respond to Reuters’ request for comment on the EU action. The exchange was founded in China in 2013, while Sun acquired a controlling stake in 2022, although the company describes the Tron founder as an adviser. EU authorities included the crypto companies in the bloc’s 21st sanctions package against Russia over the war in Ukraine. The measures cover banks, crypto networks, oil traders, energy revenue channels and vessels suspected of operating within Russia’s shadow fleet. While Reuters reported that 18 companies offering cr...