HTX (CRYPTO: HTX) advisor Justin Sun assured full legal compliance after the U.K. authorities sanctioned the cryptocurrency exchange on Tuesday for allegedly providing financial services to Russia-based entities.
Sun Says 'Concerns' Will Be Addressed Sun, a member of the HTX Global Advisory Board, said on X that he's closely monitoring the proceedings and expressed confidence that the exchange will work with UK agencies to address their concerns.
"We believe in full compliance with all applicable laws and cooperation with law‑enforcement agencies worldwide," the cryptocurrency billionaire stated.
Russia Dealings Under Scanner?
The situation escalated after the UK sanctioned Huobi Global S.A.—the corporate entity responsible for managing HTX—for allegedly providing funds, economic resources, goods, or technology to individuals and entities in the Russian financial sector.
