Overview
- Britain's financial regulator filed civil proceedings on Oct. 22 against HTX, formerly Huobi, alleging breaches of the UK's financial promotions regime.
- HTX is not authorised to operate in the UK and remains on the FCA's public warning list advising consumers to avoid the platform.
- The lawsuit names Huobi Global and four groups described as "persons unknown" to cover owners, operators and those responsible for promotions.
- An FCA spokesperson said the action is aimed at protecting consumers and safeguarding market integrity, while HTX has not responded to requests for comment.
- HTX lists Justin Sun as a global adviser, and market watchers say the case could become a jurisdictional test of UK oversight of overseas crypto exchanges.