
HTX Delists Trump-Linked USD1 Stablecoin After Address Freeze Dispute
HTX delisted USD1, a stablecoin linked to the Trump family, after accusing World Liberty Financial of freezing its addresses without justification, impacting user assets.

HTX delisted USD1, a stablecoin linked to the Trump family, after accusing World Liberty Financial of freezing its addresses without justification, impacting user assets.

The UK sanctions crypto exchange HTX for aiding Russia's financial sector through alleged ties to A7, a Russian crypto exchange. UK institutions are banned from doing business with HTX, and may freeze related transactions.

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A former senior manager at Huobi (now HTX) has been acquitted by a Hong Kong court of secretly moving about US$5 million in Tether stablecoins to his own accounts in 2020. A seven-member High Court jury reached a majority verdict on Friday, finding insufficient evidence to prove the defendant controlled an account registered under the alias "Chen Feng". The prosecution alleged Chen Boliang used the alias account and three company accounts to trade in the dark pool between February 27 and March 14, 2020.

A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang, who used to work at cryptocurrency firm Huobi – now known as HTX – not guilty of accessing its platform to trade in the dark pool under an individual account he created with an...