Bybit has issued a notice warning users that deposits or withdrawals linked to HTX (Huobi) may trigger additional anti-money laundering (AML), compliance, or risk-control checks. The advisory came hours after the UK sanctioned Huobi Global S.A., the operator of HTX. This marks one of the first public moves by a major exchange to isolate HTX flows. Bybit advised users to avoid using HTX-related wallets when funding accounts and to ensure all activity complies with local laws. HTX responded by distinguishing itself from the sanctioned entity, stating that Huobi Global S.A. is separate from the online HTX platform, and that operations should not be affected. Industry experts warn of potential stablecoin freeze spillover, noting that HTX wallets hold over $100 million in USDT. The UK order's asset-freeze clause could prompt issuers like Tether to block assets, a concern amplified by Tether's history of freezing USDT on flagged wallets. AML analysts expect global banks and stablecoin issuers to tighten screening on HTX counterparties, accelerating the split between sanctioned and non-sanctioned crypto ecosystems.

Key facts

• Bybit warns of extra AML checks for HTX-linked deposits/withdrawals
• UK sanctions Huobi Global S.A., operator of HTX
• HTX holds over $100 million in USDT, raising freeze concerns
• Tether may block assets under UK order's asset-freeze clause
• Global banks expected to tighten screening on HTX counterparties