HTX clarified that 'Huobi Global S.A.', which is included in the UK government's Russia sanctions list, is a separate legal entity from the operating entity of the cryptocurrency exchange HTX. Molly, a core builder of HTX DAO, explained via X that "Having the same brand does not mean having the same legal entity, and global businesses are operated by separate legal entities in each jurisdiction. These sanctions are limited to asset freezes within the UK jurisdiction and the suspension of cooperation with financial institutions, and do not affect user assets or exchange operations worldwide. However, some overseas security firms assigned blanket risk tags to HTX-related addresses, hindering the movement of funds for normal users and spreading market instability. Currently, deposit, withdrawal, and trading functions are operating normally, and discussions are underway with relevant institutions," she explained. Meanwhile, after news broke that the UK government had placed HTX on its sanctions list for allegedly 'supporting the Russian government' that day, reports flooded the community that funds withdrawn from HTX had been frozen on some exchanges.
