HTX, a major cryptocurrency exchange, says it did not break British sanctions rules. New data shows $7.6 billion in transactions connected to Russia moved through the platform. The exchange released a statement pushing back against the allegations on May 15, 2026.
Cryptocurrency exchanges are required to follow international sanctions rules just like banks do. This means they must block users from countries under sanctions and report suspicious activity. HTX operates in multiple countries and handles billions of dollars in digital assets every day.
People who use HTX to trade cryptocurrencies could face legal problems if the exchange is found to have broken sanctions rules. Customers in countries with strict financial laws, especially the United Kingdom and United States, may have their accounts frozen. The exchange's reputation with regulators in major markets is now at risk.
British authorities are expected to complete their review within 90 days. HTX said it has internal systems to catch illegal activity and cooperates with all regulators. The exchange also said it removed accounts that violated sanctions as soon as it found them.