WLFI has frozen HTX's assets due to assisting Russia in circumventing sanctions amounting to $1.5 billion.

In response, the crypto exchange delisted a platform token associated with Trump and their stablecoin, USD1. WLFI's measures followed the UK's sanctions imposed on May 26 against Huobi Global SA. British officials emphasized that the organization facilitated the transfer of over $1.5 billion in bypassing sanctions. The crypto exchange collaborated with the A7 network and the sanctioned Russian-linked exchange Garantex. HTX claims that the sanctioned Huobi Global SA is a separate legal entity from HTX. They further noted that the frozen assets belong to individual users. HTX stated that the UK sanctions should not affect their operations and demanded the return of the funds.