Binance to Cut Ties With HTX and 10 Other Platforms Over Sanctions Concerns

Restrictions Take Effect August 23

Binance announced it will stop processing transactions involving HTX and 10 other crypto platforms starting August 23, citing recent regulatory developments. The affected platforms include HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode, and EXMO. Transactions attempted after the effective date may be held for compliance review, and related wallets could face restrictions during that process.

HTX Faces Mounting Sanctions Pressure

HTX, formerly known as Huobi, was recently added to the European Union’s sanctions package targeting Russia. The UK government had already designated Huobi Global earlier this year, citing concerns over financial support to Russia linked entities. HTX has denied the allegations, arguing the sanctions apply to a separate legal entity, though UK regulators maintain the exchange itself falls under the designation due to ownership ties.

The move follows other recent sanctions actions, including US Treasury measures against separate crypto-related entities this month.