Justin Sun says the Binance restrictions on HTX reach only users in the UK and the European Union. Binances own notice sets no such limit.
The HTX founder made the claim as the August 23 cutoff approaches. He also said HTX is already in settlement talks with British and EU authorities.
Sponsored
Sponsored
What Sun Said
The comments came in a late Friday post, only hours after Binances blacklisting announcement.
“Ive communicated with Binance, and it only involves Binance UK and EU users. Huobi itself does not conduct business in the UK or EU. Our settlement negotiations with the UK and EU regulatory authorities are already underway,” he wrote.
Sun added that affected users can contact HTX customer service, and that the exchange will help resolve individual cases.
Where the Claim Meets the Record
Binance addressed its notice to all users and named no country. It said transactions involving the listed platforms may be held for compliance review after the effective dates. Binance restricted 11 platforms in that announcement.
Suns second claim is harder to square. The Financial Conduct Authority (FCA) alleges HTX drew 4.6 million UK visits in 2023. That ranked it sixth among virtual asset firms accessed from Britain. HTX limited new UK sign-ups only after the regulator sued.
The settlement claim holds up on the British side. A High Court stay in that case runs to August 25, and HTX is negotiating with the FCA over illegal advertising. Sun did not name the EU authority he is negotiating with.
The timing is tight. Binance cuts off HTX on August 23, two days before the London stay expires.