Donald Trump · Russia · The Block
HTX to delist Trump-linked USD1 after saying World Liberty Financial froze exchange-linked addresses
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Crypto exchange HTX will soon delist World Liberty Financial's USD1 stablecoin and convert eligible user holdings to Tether's USDT at a 1:1 ratio, the exchange announced Saturday.
Key facts
- The Trump-linked project blacklisted Tron founder Justin Sun's wallet in September 2025 after he moved roughly $9 million of WLFI between addresses including HTX, where he serves on the exchange's
- The freeze follows the UK's May 26 sanctions designation of Huobi Global S.A. UK officials alleged the entity facilitated more than $1.5 billion in flows supporting Russian sanctions evasion
- The delisting will take effect at 3:00 UTC on June 7
- Crypto exchange HTX will soon delist World Liberty Financial's USD1 stablecoin and convert eligible user holdings to Tether's USDT at a 1:1 ratio, the exchange announced Saturday
Summary
The exchange said the World Liberty Financial (WLFI) project team, which issues both the WLFI governance token and the USD1 stablecoin and is closely associated with the Trump family, had unilaterally frozen specific HTX onchain addresses citing sanctions compliance reviews. "HTX believes that the WLFI project team's unilateral freezing of these addresses—conducted without sufficient prior communication, adequate contractual or legal grounds, transparent disclosure, or adherence to due process—directly infringes upon the legitimate rights and interests of HTX users in their assets," the exchange wrote in a statement. HTX spokesperson Molly Fu said on X that the affected assets "are not assets belonging to any sanctioned entity" but rather "assets legally purchased and owned by individual users.