The update says Kraken has restricted deposits and transfers originating from Huobi, also known as HTX, accounts or wallets connected to the exchange after UK sanctions.
Kraken has blocked deposits and transfers tied to Huobi, also known as HTX, after UK sanctions targeted the exchange. The measure applies to funds originating from Huobi accounts or wallets linked to the platform. The move shows how sanctions compliance can affect crypto exchange operations, as trading venues often screen counterparties and wallet connections to reduce regulatory risk and prevent restricted entities from moving funds through their systems.