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HTX accused of rotating wallets to evade sanctions

Feeds.Feedburner •SC Staff • July 22, 2026

HTX, formerly known as Huobi Global, has been accused of rapidly rotating its wallet addresses across multiple blockchains to circumvent sanctions screening, as reported by Coin Central.

A report by TRM Labs claims that HTX is frequently changing its wallet addresses on TRON, Ethereum, BNB Smart Chain, and Solana. Some of these addresses are reportedly active for only a few hours, making it difficult for static sanctions screening systems to keep up. This strategy, according to TRM Labs, is an attempt to stay ahead of regulatory measures. The United Kingdom sanctioned Huobi Global S.A. in May 2026, linking the exchange to alleged Russian sanctions evasion. Despite the designation, TRM Labs suggests HTX has continued its wallet rotation practices.

An HTX spokesperson has denied these allegations, stating that the wallet changes are routine security operations common in the cryptocurrency industry and not an effort to evade sanctions. The exchange maintains that compliance is a top priority and it adheres to all applicable regulations.

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EU Sanctions Crypto Exchange HTX for Evasion Tactics Linked to Russia The European Union sanctioned cryptocurrency exchange HTX on July 24, 2026, as part of efforts to tighten financial pressure on Russia amid the ongoing war in Ukraine. HTX, previously known as Huobi, was included in a list of 18 companies accused of facilitating Russian sanctions evasion. A report by TRM Labs revealed that HTX has been rotating its wallet addresses across various blockchains, including TRON and Ethereum, to evade detection by sanctions screening systems. This practice reportedly involves changing wallet addresses frequently, sometimes within hours. The UK had previously sanctioned HTX in May 2026 for similar reasons. HTX has denied these allegations, claiming that its wallet changes are standard security operations. The EU's sanctions do not include an asset freeze but mark a significant escalation in regulatory scrutiny of crypto platforms. The situation highlights the growing intersection of cryptocurrency and geopolitical tensions. 3 sources 60

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HTX accused of rotating wallets to evade sanctions

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