HTX says wallet flags are causing transfer freezes across some platforms

[bezaaass]

It's so strange. There is very little information about these sanctions. It's unclear what people who still have funds on HTX should do, and what those who withdrew their funds but had them frozen by another exchange are supposed to do. Justin Sun is also staying silent.

[dwyane36]

It's so strange. There is very little information about these sanctions. It's unclear what people who still have funds on HTX should do, and what those who withdrew their funds but had them frozen by another exchange are supposed to do. Justin Sun is also staying silent.

Those who have withdrawn funds from HTX and are not subject to sanctions should probably use bridges or other services to sever the link between their addresses and this exchange. As for those whose funds have already been frozen by other exchanges, there is nothing to do but wish them luck in defending their position, since not every CEX support staff will want to look into each user's case.

[asriloni]

It's so strange. There is very little information about these sanctions. It's unclear what people who still have funds on HTX should do, and what those who withdrew their funds but had them frozen by another exchange are supposed to do. Justin Sun is also staying silent.

If your fund was on HTX, You should have just withdraw it to your personal wallet. All of HTX operationsa re still running properly.

On other hand, if your fund is getting blocked when it's on different exchange site, what you can do is always praying your fund is not linked to the Russia sanction. If it's linked with it, then your fund will be seized and your account will be restricted.

[passwordnow]

It's so strange. There is very little information about these sanctions. It's unclear what people who still have funds on HTX should do, and what those who withdrew their funds but had them frozen by another exchange are supposed to do. Justin Sun is also staying silent.

As long as the funds have been withdrawn already, there are ways to not be worried about the sanctions. But for those who are unable to withdraw it, that's the big problem exists and I do hope no one from the forum has got the funds there stuck and unable to withdraw. Awareness of what CEXes can do to our funds should make everyone prepare of the worse such as this halting or delays of withdrawals.

[Kavelj22]

UK sanctioned HTX because ties to Russia sanction evasion, OKX recently announced that they'd be freezing anyone who arbitraged back and forth between OKX and HTX to comply with UK sanction so have Binance, Bitget and many others.
If you have money in HTX you're basically screwed.

Although it is an unpleasant situation for HTX users, I find it strange why users should be punished. What should be the fault of people using a service that doesn't comply with sanctions set based on political positions? If I am using a bank and the bank refuse to adhere to west sanction, it is the bank assets that should be frozen, not my funds as a user. I am not responsible for the political position of the exchange or the bank I use. This is unfair situation and can affect the whole CEX industry, not just with HTX.

I would advice everybody to leave HTX after withdrawing with available privacy coins, but how to advice them to ise another CEX because the situation can happened with every company at any time.