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We found HTX’s reserves at Poloniex

HTX recently moved huge portions of its reserves to an undisclosed third-party. We’ve tracked funds out of HTX wallets into Poloniex.

Is Justin Sun mixing HTX’s reserves with Poloniex?

On-chain evidence suggests that HTX has transferred a portion of its reserves to the Justin Sun-owned Poloniex exchange.

The EU has added Huobi Global S.A. and HTX to its list of sanctions related to the Russian invasion of Ukraine.

TRM Labs has issued a new analysis claiming that HTX has been rotating its wallets “to stay…ahead of screening” following sanctions.

The decision by HTX has affected multiple assets for the exchange, including BTC, ETH, USDC, Usual Stablecoin, and USDT.