HTX Delists Trump-Linked USD1 After World Liberty Financial Freezes Exchange Addresses Over UK Sanctions - CryptoGazette
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11 Articles
The blocking of HTX by WLFI, linked to Trump, reignites the debate about unilateral control of assets in stablecoins like USD1. The article "HTX suspends trading of WLFI and USD1, tokens linked to the Trump family" was first published on CriptoNoticias - Bitcoin, Ethereum and cryptocurrency news.
HTX to Delist USD1 and Convert to USDT for Users after WLFI Freeze Addresses
Key Insights This came after WLFI froze HTX-related addresses following the UK’s sanctions against the platform. HTX converts all users’ USD1 holdings to USDT and delists USD1. HTX has also suspended WLFI-related services amid user concerns about WLFI’s decentralization. HTX exchange has converted the USD1 stablecoin in its user accounts to USDT in a drastic move that will also include the delisting of USD1. This follows World Liberty Financial…
Trump-Affiliated Stablecoin Hit With HTX Delisting Amid Asset Freeze Controversy
Justin Sun has reportedly been offered a behind-the-scenes settlement by a World Liberty Financial investor, though no resolution has been announced. That unresolved tension now has a new flashpoint: Sun’s crypto exchange HTX has moved to fully delist USD1, the stablecoin tied to US President Donald Trump’s World Liberty Financial project. A Freeze That Started It All HTX announced on June 6 that USD1 would be removed from its platform on June 7…
HTX Exchange Removes Trump-Linked USD1 Stablecoin Following Address Freeze by WLFI
Key Points HTX will remove WLFI’s USD1 stablecoin from its platform on June 7, automatically converting user balances to USDT at parity World Liberty Financial blocked certain HTX blockchain addresses, referencing sanctions compliance procedures The action follows UK sanctions imposed on Huobi Global S.A. on May 26 HTX previously halted trading for four pairs involving WLFI and USD1 on June 5 This marks WLFI’s second use of its freeze mechanism…
Trump-Linked USD1 Faces HTX Delisting After Address Freeze
Why Is HTX Delisting USD1? Crypto exchange HTX will delist World Liberty Financial’s USD1 stablecoin and convert eligible user holdings into Tether’s USDT at a 1:1 ratio after a dispute over frozen onchain addresses linked to the exchange. The delisting is scheduled to take effect at 3:00 UTC on June 7. HTX had already suspended trading for the WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1 pairs as of 13:00 UTC on June 5, according to an earlier …
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