Justin Sun's HTX Quits UK in Court Deal: What Happens to Users' Money?

HTX, the crypto exchange controlled by Justin Sun, has left Britain under a High Court deal with the Financial Conduct Authority (FCA). UK customers can no longer deposit funds, and new users cannot sign up. The deal ends a year-long lawsuit over illegal adverts. However, existing UK account holders still face a bigger problem, getting their money out of an exchange the government already treats as sanctioned. How UK Users Get Money Out of HTX The FCA says HTX, formerly Huobi, points remaining UK customers to its website to withdraw leftover assets. That route runs into sanctions. Britain designated Huobi Global S.A., the Panama company behind HTX, on May 26 over alleged financial links to Russia. The Treasury’s sanctions unit then said the exchange itself is covered.

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