HTX Delists Trump Family’s USD1 Stablecoin Amid Address Freeze Dispute
- HTX, linked to Justin Sun, delisted the USD1 stablecoin due to a freeze on its addresses by World Liberty Financial.
- The delisting took effect on Sunday, with users’ USD1 holdings converted to Tether (USDt) at a ratio of 1:1.
- HTX claimed the freeze was imposed without adequate communication or legal grounds, infringing user rights.
- The UK sanctioned HTX on May 26 over alleged support for Russia’s government through financial services.
- World Liberty Financial has not confirmed whether it froze HTX’s addresses but maintains compliance controls amid sanctions updates.
The situation escalated as HTX plans to pursue legal remedies against World Liberty Financial for the freeze affecting its assets and trading pairs like WLFI/USDT and BTC/USD1.
This incident highlights ongoing tensions between crypto exchanges and regulatory compliance, as seen in HTX’s recent sanctioning by the UK government. (Source)
