The United Kingdom announced a package of sanctions Tuesday against entities accused of aiding Russia—including HTX, the massive crypto exchange founded by Justin Sun.
“If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Yvette Cooper, Britain’s foreign secretary, said Tuesday in a statement.
“The practical effect is that UK VASPs are legally required to freeze funds connected to the designated exchanges,” Elliptic said, speaking of virtual asset service providers, or registered crypto firms within the country.
Representatives for HTX and Justin Sun did not immediately respond to Decrypt’s requests for comment.
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