Financial Times : The UK FCA, which sued Justin Sun-linked crypto exchange HTX in 2025 for “unlawfully promoting crypto asset services”, says HTX will exit the UK in a settlement — Venture linked to billionaire Trump backer Justin Sun sued by FCA for ‘unlawfully promoting crypto asset services’
The UK FCA, which sued Justin Sun-linked crypto exchange HTX in 2025 for "unlawfully promoting crypto asset services", says HTX will exit the UK in a settlement (Financial Times)
In short
The UK Financial Conduct Authority reached a formal settlement agreement requiring cryptocurrency exchange HTX to withdraw from the country. Regulators had previously initiated a lawsuit against the exchange in 2025 regarding unlawful promotional practices. HTX, which has ties to billionaire Donald Trump supporter Justin Sun, agreed to the market exit to resolve the legal action concerning its domestic promotional activities.
Key points
- HTX will fully withdraw from the UK market to settle regulatory charges.: HTX will fully withdraw from the UK market to settle regulatory charges.
- The Financial Conduct Authority successfully targeted unauthorized crypto asset promotion…: The Financial Conduct Authority successfully targeted unauthorized crypto asset promotions through legal action.
- A formal settlement agreement has concluded the regulator's lawsuit against the exchange.: A formal settlement agreement has concluded the regulator's lawsuit against the exchange.