Binance to stop transactions with HTX, 10 crypto firms

Binance announced it will stop processing transactions involving HTX and 10 other crypto platforms and service providers effective Aug. 23, citing recent regulatory developments and compliance requirements. The platforms named are HTX (formerly Huobi), Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO.

The exchange said transactions attempted on or after the effective date may be held and placed under compliance review. Binance warned that restrictions could be applied to wallets linked to the listed platforms while reviews are ongoing and did not provide a timeline for completing reviews or releasing funds once reviews conclude.

European and U.K. actions have shaped the regulatory backdrop. HTX was added to a European Union sanctions package related to Russia in late July. The U.K. government designated Huobi Global S.A. in May on grounds it suspected the firm provided financial services or made funds available to entities with links to Russia. HTX has disputed that designation, maintaining it applies only to a separate legal entity and that the exchange and user funds remain unaffected. The U.K. enforcement authority has taken the position that the exchange falls within the scope of the designation because of common ownership.

U.S. actions are also part of the context. The U.S. Treasury announced sanctions on Aug. 7 that named entities including Shelbit and Aban Tether. Binance referenced those and other regulatory developments in explaining its decision to suspend processing for the listed platforms.

Users who attempt transactions with any of the named platforms on Binance after Aug. 23 may see transfers paused or flagged for review. The exchange did not specify whether withdrawals to addresses associated with the listed firms will be blocked. Customers were advised to consult official guidance and monitor account notifications for any compliance-related holds or restrictions.

The affected platforms were identified directly in Binance’s public notice. The exchange framed the action as a response to current regulatory and compliance considerations rather than alleging specific illegal activity by the named firms.