TRM Labs says HTX repeatedly changes wallets across major blockchains after UK sanctions
first published 2026-07-22T05:41:22Z
TRM Labs alleges that HTX has repeatedly rotated wallet infrastructure across TRON, Ethereum, BNB Smart Chain and Solana since UK sanctions targeted Huobi Global in May. The firm says the changes may help HTX evade static sanctions screening, while HTX denies this and calls the rotations routine security operations. The report comes amid wider UK regulatory pressure, including FCA proceedings over alleged unlawful promotions.
AI Analysis
The summary describes alleged wallet rotations after sanctions and ongoing FCA proceedings, both of which are negative for the exchange and could affect trader confidence. The impact is moderate because it is regulatory/compliance-related rather than a direct market event.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
