HTX keeps rotating wallets to evade UK sanctions screening: TRM Labs

The crypto exchange HTX continues to rotate its wallets to stay under the radar of UK sanctions screening, as revealed by TRM Labs. The UK authorities imposed sanctions on HTX in May for its alleged involvement in helping Russia circumvent sanctions. This ongoing evasion tactic highlights the challenges regulators face in monitoring crypto transactions for compliance with sanctions, raising questions about the effectiveness of current oversight mechanisms. The situation underscores the need for more robust international cooperation to address illicit activities in the crypto space.