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ZachXBT slams FCA ‘overreach’ in HTX sanction despite ‘controversial’ Justin Sun links
Jun 8, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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Blockchain investigator ZachXBT said the UK’s sanctions against HTX (formerly Huobi) are excessive, arguing regulators have tainted on-chain addresses linked to the exchange and caused frozen funds and collateral damage to ordinary crypto users. He warned this approach turns user wallets into liabilities, raises compliance and security risks for CEXs and DeFi participants, and could chill adoption and on-chain activity.
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The blockchain investigator ZachXBT called the UK’s recent sanctions against HTX (formerly Huobi) excessive, arguing that tainting on-chain addresses tied to the exchange is causing collateral damage to regular crypto users. The UK regulators’ sanctions have turned the crypto wallets of users of major exchanges into a liability, leading to frozen funds and a scramble...
