TLDR
- Binance will block HTX and 10 other crypto platforms beginning on Aug. 23.
- Transactions tied to listed platforms may face compliance reviews and wallet limits.
- EU sanctions place HTX and several other crypto services under restrictions.
- Binance already restricted five other sanctioned platforms earlier in August.
- Users should avoid direct or indirect transfers involving the listed entities.
Binance will stop processing transactions involving HTX and 10 other crypto platforms from Aug. 23. The restrictions follow new sanctions and regulatory measures affecting several crypto service providers. Transactions involving listed entities may face compliance reviews and temporary wallet restrictions.
Binance Expands Transaction Restrictions From Aug. 23
Binance said the Aug. 23 restrictions will cover Rapira, Aifory Pro, ABCeX, WhiteBird, and NoOnecrypto. The list also includes Tradex, Monease, BitPapa, Exnode, HTX and EXMO. Users should avoid direct or indirect transfers involving those platforms after the cutoff.
Any affected transaction could remain pending while Binance completes its compliance review. The exchange may also restrict impacted wallets during that process. Such transactions could also breach the platform’s terms of use.
The company linked the action to regulatory requirements across jurisdictions where it operates. Binance said the measures support compliance and protect its users and platform infrastructure. The exchange has already applied similar restrictions to five other providers this month.
EU Sanctions Put HTX and Other Platforms Under Pressure
The August restrictions follow European Union sanctions targeting crypto services linked to Russia-related sanctions evasion. The EU adopted its latest package on July 23. Several platforms named by Binance also appear under the bloc’s new transaction restrictions.
The EU restrictions include HTX, EXMO, Rapira, BitPapa, Aifory Pro, WhiteBird, NoOnecrypto and Exnode. Those measures are scheduled to take effect on Aug. 23. They prevent covered European persons and companies from conducting direct or indirect transactions with designated providers.
The bloc also expanded restrictions to crypto platforms operating outside Russia when authorities identify sanctions circumvention risks. It added transaction bans covering more financial institutions under the same package. The broader measures target financial services, energy operations, and Russia-linked supply networks.
HTX Faces Broader Sanctions Scrutiny
HTX had already faced regulatory pressure before the European measures took effect. The United Kingdom designated Huobi Global S.A. on May 26. British authorities linked the company to financial services allegedly benefiting sanctioned Russian entities.
HTX disputed the scope of that designation and separated its exchange operations from Huobi Global S.A. However, British sanctions authorities later applied ownership rules to the exchange. The clarification increased compliance risks for firms processing transactions connected with HTX.
Blockchain analytics firms later examined activity linked to the exchange and its wallets. TRM Labs reported frequent changes involving HTX hot wallets across several major blockchain networks. HTX described those movements as routine security operations rather than sanctions avoidance measures.
Binance Had Already Blocked Other Sanctioned Providers
Binance introduced earlier restrictions against Shelbit and Aban Tether Exchange on Aug. 7. It then added A7 Nigeria, A7 Africa, and PilotFinance Ltd on Aug. 13. Those actions preceded the larger Aug. 23 group.
The United States sanctioned Shelbit and Aban Tether over alleged Iran-linked financial activity. U.S. authorities connected both platforms with transactions involving sanctioned Iranian networks and exchanges. Shelbit rejected allegations involving money laundering, terrorism financing, and intentional sanctions evasion.
Binance now lists 16 entities across the three August restriction dates. Users should avoid sending or receiving funds involving those entities after their respective cutoffs. The policy covers direct transfers and transactions routed indirectly through another service.
