FT · 2026-10-29 12:12 UTC

Crypto exchange HTX agrees to exit UK after being sued by watchdog

The FCA has secured a settlement with HTX (Huobi Global), a Panama-based crypto exchange linked to Justin Sun, requiring it to stop operating in the UK and cease targeting UK consumers. HTX has implemented measures to prevent UK registration and is giving existing UK customers 48 hours to withdraw assets before account closure. This is the FCA's first enforcement action against a crypto company under UK financial promotion rules; Huobi was previously added to the UK sanctions list for supporting Russia's financial sector.

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