{"id":911176,"date":"2026-06-08T10:12:21","date_gmt":"2026-06-08T15:12:21","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/08\/justin-suns-htx-delists-trump-familys-usd1-amid-freeze-fight\/"},"modified":"2026-06-08T10:12:21","modified_gmt":"2026-06-08T15:12:21","slug":"justin-suns-htx-delists-trump-familys-usd1-amid-freeze-fight","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/08\/justin-suns-htx-delists-trump-familys-usd1-amid-freeze-fight\/","title":{"rendered":"Justin Sun\u2019s HTX delists Trump family\u2019s USD1 amid freeze fight"},"content":{"rendered":"
\n

HTX, the crypto exchange linked to crypto entrepreneur Justin Sun, delisted the Trump family\u2019s USD1 stablecoin after claiming World Liberty Financial wrongly froze the exchange\u2019s addresses.<\/p>\n

\u201cThe 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,\u201d said<\/a> HTX on Saturday.<\/p>\n

\u201cAs a result, the on-chain circulation of certain WLFI assets associated with these addresses has been restricted,\u201d it said, adding it delisted USD1 to safeguard user assets.\u00a0<\/p>\n

Last month, the UK sanctioned HTX<\/a>, formerly called Huobi Global, on May 26, claiming there were \u201creasonable grounds to suspect\u201d the exchange had supported Russia\u2019s government through financial services.<\/p>\n

However, HTX said the sanctioned entity, Huobi Global S.A., is \u201cdistinct from the online HTX exchange\u201d and that such a designation should not impact<\/a> the platform.<\/p>\n

<\/figure>\n

Source: <\/em>HTX<\/em><\/a><\/p>\n

The delisting took effect on Sunday. Deposit and conversion services for USD1 are no longer supported, and users\u2019 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.<\/p>\n

It has also suspended WLFI\/USDT, USD1\/USDT, BTC\/USD1 and ETH\/USD1 trading pairs.\u00a0<\/p>\n

The exchange said its addresses were frozen \u201cwithout sufficient prior communication, adequate contractual or legal grounds, transparent disclosure or adherence to due process\u201d and that the move infringed the rights of its users and their assets, and has called WLFI to reverse the freeze. <\/p>\n

HTX said it will also take measures to \u201csafeguard users\u2019 legitimate rights and interests, including but not limited to pursuing legal remedies.\u201d<\/p>\n

World Liberty, which counts US President Donald Trump and his three sons, Donald Jr., Eric and Barron as advisers, has not publicly addressed whether it froze HTX\u2019s addresses.<\/p>\n

It posted<\/a> on X on Wednesday that \u201cin light of recent sanctions updates, World Liberty Financial maintains risk-based sanctions compliance controls.\u201d<\/p>\n

Cointelegraph contacted World Liberty Financial for comment.<\/p>\n

Related: <\/strong><\/em>Trump claims he can \u2018future proof\u2019 crypto regulation with CLARITY Act<\/strong><\/em><\/a><\/p>\n

Sun, who reportedly owns HTX and serves on the exchange\u2019s global advisory board, sued World Liberty in April<\/a>, claiming the platform froze his tokens and threatened to burn them \u201cwithout any proper justification.\u201d<\/p>\n

In May, World Liberty sued Sun for defamation<\/a>, claiming he made false statements about the platform and violated WLFI token sale terms through alleged prohibited transfers, short-selling and straw purchases.<\/p>\n

Magazine: <\/strong><\/em>Quitting Trump\u2019s top crypto job wasn\u2019t easy: Bo Hines<\/strong><\/em><\/a><\/p>\n<\/div>\n

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/p>\n

Read More<\/a>
\n Cointelegraph by Jesse Coghlan<\/p>\n","protected":false},"excerpt":{"rendered":"

HTX, the crypto exchange linked to crypto entrepreneur Justin Sun, delisted the Trump family\u2019s USD1 stablecoin after claiming World Liberty Financial wrongly froze the exchange\u2019s addresses. \u201cThe 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,\u201d said HTX on<\/p>\n","protected":false},"author":1,"featured_media":911177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525,40072],"tags":[],"class_list":["post-911176","post","type-post","status-publish","format-standard","has-post-thumbnail","category-justin","category-suns"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/911176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=911176"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/911176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/911177"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=911176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=911176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=911176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}