Bybit has warned users that transfers involving HTX-linked addresses may trigger enhanced compliance checks. This follows the UK government’s sanctions designation against entities tied to the exchange.
In a notice published on 26 May, Bybit said deposits and withdrawals connected to HTX-related addresses could face additional anti-money laundering and risk-control reviews.
The exchange also advised users to avoid interacting with HTX-linked addresses when using the platform.
The warning came hours after HTX publicly disputed the practical scope of the UK sanctions announcement, arguing that the designated company differs from the operational online exchange.
HTX says sanctioned entity is separate from exchange operations
The UK government earlier sanctioned “HUOBI GLOBAL S.A.” under its Russia sanctions regime, citing alleged financial links involving A7 LLC and Garantex Europe OU.
The designation included:
- asset freezes,
- banking restrictions,
- director disqualification measures,
- and internet services sanctions targeting UK user access.
In response, HTX said the listed Panama-based entity “is distinct from the online HTX exchange.”
The company also said the sanctions arrived without prior notice or supporting evidence shared directly with the exchange.
“HTX’s global operations remain unaffected, and all user funds are safe,” the platform said in its statement.
HTX added that Huobi Global S.A. would engage with UK authorities to understand the basis for the designation and address any concerns.
Justin Sun, who serves as an advisor to HTX, also addressed the situation publicly on X.
Sun said he supports “full compliance with all applicable laws” and expressed confidence that the exchange’s team would work with UK authorities to resolve concerns promptly.
Sanctions pressure begins affecting exchange infrastructure
Bybit’s response suggests the sanctions may already be creating operational ripple effects across broader crypto infrastructure.
While Bybit did not announce any direct restrictions on HTX itself, the exchange’s warning indicates HTX-linked transfers may now receive heightened compliance scrutiny from counterparties.
Final Summary
- Bybit warned users that transfers involving HTX-linked addresses may trigger additional AML and compliance reviews after UK sanctions.
- HTX said the sanctioned Panama entity differs from the operational exchange and claimed user funds and global operations remain unaffected.