🚨 The FCA shut the door on HTX (Justin Sun’s exchange) in the UK. Deal sealed at the High Court: HTX is leaving the country, deposits are blocked, and local users have 48 HOURS to withdraw their funds before their accounts die. The FCA’s first enforcement action under the crypto promotion rules, and the quote came with no sugarcoating: being overseas doesn’t exempt you from British law. Justin Sun speedrunning the exit 👾
One extra ugly detail: Binance had already stopped processing HTX transactions back in August, so this exit had been brewing for a while.
My take: an exchange that ignores the regulator for a year and a half, then haggles over its exit, is an exchange where your balance is living in hard mode. The safety of your money shouldn’t depend on the law catching up at the last minute.
Question: if you got a 48-hour window to evacuate your exchange... would you take it, or bet on there being a second round? 😭
#CryptoNews #CryptoTrading #BinanceSquare #Altcoins
One extra ugly detail: Binance had already stopped processing HTX transactions back in August, so this exit had been brewing for a while.
My take: an exchange that ignores the regulator for a year and a half, then haggles over its exit, is an exchange where your balance is living in hard mode. The safety of your money shouldn’t depend on the law catching up at the last minute.
Question: if you got a 48-hour window to evacuate your exchange... would you take it, or bet on there being a second round? 😭
#CryptoNews #CryptoTrading #BinanceSquare #Altcoins
