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FCA sues HTX crypto platform

This marks the first time the FCA has taken a major exchange to court for breaching financial promotion laws.

Article label: Quick Read

Carmen Cracknell

Justin Sun
Justin Sun has been named in the case. Photo: Steven Ferdman/Getty Images
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The FCA has filed civil proceedings in the High Court of Justice in London against HTX, formely Huobi, and associated entities.

The claim alleges that HTX unlawfully promoted crypto-asset services to UK consumers in breach of the UK financial promotions regime under the Financial Services and Markets Act 2000 (FSMA).

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