Justin Sun Says HTX UK Shutdown Deal Isn't an Admission of Wrongdoing
Summary
- HTX said it had agreed with UK financial authorities to halt operations in the country.
- It said the settlement was related to UK authorities’ allegations of illegal crypto promotion by HTX.
- Justin Sun said the agreement does not amount to an admission of HTX’s legal liability or any unlawful or improper conduct.
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Cryptocurrency exchange HTX, formerly known as Huobi, has agreed with UK financial authorities to halt operations in the country. Justin Sun, founder of Tron and an adviser to HTX, said the settlement does not amount to an admission of wrongdoing.
In a post on X on Oct. 29, Sun said HTX had concluded legal proceedings in the UK after constructive discussions with the Financial Conduct Authority.
The settlement follows allegations by UK authorities that HTX illegally promoted crypto assets. Under the agreement, HTX will cease operations in the UK.
Sun also stressed that the settlement does not constitute an admission by HTX of legal liability or any unlawful or improper conduct.
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