TRM Says HTX Rotates Wallets After UK Sanctions

Britain’s Foreign, Commonwealth and Development Office sanctioned Huobi Global S.A., the entity behind HTX, on May 26, 2026, under its Russia sanctions regime. Authorities said they had reasonable grounds to suspect the exchange provided financial services to Russia-linked entities including the A7 network and Garantex, allegedly moving more than $1.5 billion for Kremlin-aligned groups. The designation marked the UK’s first use of the measure against a crypto exchange of HTX’s scale.

TRM Labs said on July 21 that HTX remained operational under the same brand during the seven weeks after the designation but rapidly overhauled its on-chain infrastructure. The exchange rotated deposit wallets, hot wallets and funding addresses across TRON, Ethereum, BNB Smart Chain and Solana, sometimes retiring addresses within hours, according to TRM. The firm said the pattern could outpace static sanctions lists. HTX called the activity routine, security-driven platform maintenance and rejected suggestions of an improper motive.