HTX and Britain's Financial Conduct Authority are in settlement talks over allegations the exchange illegally promoted crypto services to UK consumers, with London's High Court pausing proceedings until late August after a June 25 extension. In an Aug. 15 social media post, HTX global adviser Justin Sun, also known as Sun Yuchen, said discussions with Binance involve only Binance users in the UK and European Union, said HTX does not operate in those markets, and said settlement talks with UK and EU regulators are already under way. HTX has said its services are not intended for UK users and that it remains committed to compliance, transparency and user protection, while the exchange also faces separate UK and EU sanctions-related scrutiny linked to alleged Russia-related financial activity.