Justin Sun Says Binance’s HTX Transfer Restrictions Apply Only to UK, EU Users

Binance said it will restrict deposits and withdrawals involving 11 exchanges and platforms, including HTX, formerly known as Huobi. Justin Sun, founder of Tron, said the measure applies only to users in the UK and the European Union.

In a post on X on Aug. 14, Sun said he is in contact with Binance and that the issue affects only Binance users in the UK and EU.

He added that HTX does not operate in the UK or the EU and that settlement talks with regulators in both jurisdictions are already under way. If any users are affected during that process, HTX will work to resolve the issue.