Justin Sun's HTX Quits UK in Court Deal: What Happens to Users' Money?

HTX, the crypto exchange controlled by Justin Sun, left Britain under a High Court agreement with the Financial Conduct Authority, ending a lawsuit over illegal adverts; UK customers can no longer deposit funds and new users cannot sign up. The case, filed in October 2025, was the FCA’s first High Court action against a foreign crypto firm over UK marketing and counted 4.6 million UK visits; HTX promised under an October 27 order not to knowingly promote crypto to UK consumers. Existing UK account holders were directed to withdraw through HTX’s website, but Britain designated Huobi Global S.A., the Panama company behind HTX, on May 26 over alleged financial links to Russia, and Treasury guidance does not address customer withdrawals.