Bybit Adds Checks on HTX Transfers After UK Sanctions Action

TLDR

• Bybit warned users that HTX-linked deposits and withdrawals may face extra compliance checks.
• The warning followed new U.K. sanctions against the Panama-incorporated entity behind Huobi Global.
• Bybit said affected users may need to provide fund source documents and transaction history.
• The U.K. Foreign Office said HTX helped support activity linked to A7 and Garantex.
• HTX representatives said Huobi Global does not operate the current exchange platform.

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Bybit has warned users that deposits and withdrawals tied to HTX-linked wallets may face extra compliance reviews.

Bybit said on social media that recent regulatory action involving HTX created new risk checks for related transfers. The Dubai-based crypto exchange said users may face added anti-money-laundering reviews when sending funds to or from HTX-linked addresses.

The notice followed new U.K. sanctions against crypto services accused of helping Russia avoid financial restrictions. The British government this week sanctioned the Panama-incorporated entity behind Huobi Global, which operates under the HTX brand.

Bybit told clients to avoid using HTX-related wallets where possible. The exchange also urged users to ensure their activity follows its internal rules and local laws.

Bybit links warning to new U.K. action

According to Bybit, transfers involving HTX-linked addresses may trigger AML, compliance, or risk-control checks. The exchange said affected users may need to prove the source of their funds.

Important Notice Regarding Deposits and Withdrawals Related to HTX

In light of the latest regulatory actions concerning HTX, transfers to or from HTX-linked addresses may trigger additional AML, compliance, or risk-control checks.

Users are advised to avoid using HTX-related…

— Bybit (@Bybit_Official) May 27, 2026

Bits.media reported Thursday that Bybit may also request records showing earlier transaction history. The Russian crypto outlet said some account functions could face limits during the review process.

Withdrawals may remain unavailable until Bybit verifies the requested information, according to the same report. The exchange did not say how long these checks may take.

The warning places HTX-related flows under closer review at one of the largest global crypto exchanges. It also shows how sanctions against one platform can affect users across other trading venues.

U.K. targets crypto services tied to Russia

The U.K. Foreign Office said Tuesday that 18 people and organizations faced new sanctions. British officials said the measures targeted financial networks used by Russia after it invades Ukraine.

The sanctions list included A7, a Russia-rooted payment system registered in Kyrgyzstan. U.K. authorities also named the ruble-pegged A7A5 stablecoin in the same restrictions.

The British government also sanctioned several crypto platforms and providers. The list included Exmo, Bitpapa, Rapira, Arvix, and Aifory.

According to the U.K. Foreign Office, HTX helped support activity linked to A7 and Garantex. U.S. authorities shut down Garantex in March 2025 during a coordinated enforcement action.

British authorities said HTX moved more than $1.5 billion to Russia through sanctions-related routes. The Foreign Office said those flows included transactions linked to sanctioned exchanges and A7A5 activity.

HTX representatives said Huobi Global does not operate the current exchange. They argued that the sanctions apply to the legal entity, not the trading platform.

At the same time, HTX representatives said A7A5’s issuer had requested a listing on the exchange. They said HTX rejected the request after reviewing the application.

Cryptopolitan reported that separate on-chain analysis found HTX moved over $21 billion in risky funds over five years. That report said the figure covered activity beyond the U.K. tracking of Russia-linked flows.

A7A5 issuer says token follows local rules

A7A5 is currently issued by Old Vector, a Kyrgyz-registered entity also sanctioned by Western governments. The project’s team says the stablecoin now operates independently.

Old Vector CEO Oleg Ogienko confirmed that the issuer tried to list A7A5 on major exchanges. He said those listing attempts failed because exchanges raised sanctions concerns.

The issuer said A7A5 processed more than $100 billion in transactions within less than one year. It also said the token complies with Russian and Kyrgyz laws and FATF standards.

The European Union recently sanctioned A7A5, RUBx, and Russia’s digital ruble in its 20th Russia package.