Justin Sun’s HTX delists Trump family’s USD1 amid freeze fight

Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editorWritten by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editorJustin Sun’s HTX delists Trump family’s USD1 amid freeze fightLatest NewsPublishedJun 8, 2026HTX said World Liberty froze its addresses and has responded by delisting and suspending the platform’s token.HTX, the crypto exchange linked to crypto entrepreneur Justin Sun, delisted the Trump family’s USD1 stablecoin after claiming World Liberty Financial wrongly froze the exchange’s addresses.“The World Liberty Financial (WLFI) project team recently stated that it has unilaterally imposed a freeze on specific HTX on-chain addresses based on sanctions compliance reviews,” said HTX on Saturday.“As a result, the on-chain circulation of certain WLFI assets associated with these addresses has been restricted,” it said, adding it delisted USD1 to safeguard user assets. Last month, the UK sanctioned HTX, formerly called Huobi Global, on May 26, claiming there were “reasonable grounds to suspect” the exchange had supported Russia’s government through financial services.However, HTX said the sanctioned entity, Huobi Global S.A., is “distinct from the online HTX exchange” and that such a designation should not impact the platform.Source: HTXThe delisting took effect on Sunday. Deposit and conversion services for USD1 are no longer supported, and users’ USD1 holdings would be converted to the stablecoin Tether (USDt) at a 1:1 ratio, with exact completion times and details to be announced separately.It has also suspended WLFI/USDT, USD1/USDT, BTC/USD1 and ETH/USD1 trading pairs. The exchange said its addresses were frozen “without sufficient prior communication, adequate contractual or legal grounds, transparent disclosure or adherence to due process” and that the move infringed the rights of its users and their assets, and has called WLFI to reverse the freeze. HTX said it will also take measures to “safeguard users’ legitimate rights and inter…

Justin Sun’s HTX delists Trump family’s USD1 amid freeze fight

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