FCA sues Justin Sun-linked HTX in London High Court over alleged illegal crypto promotions: Bloomberg

The UK's Financial Conduct Authority (FCA) has initiated civil proceedings in the London High Court against entities associated with the crypto exchange HTX, alleging they unlawfully promoted cryptoasset services to UK consumers, violating the country's financial promotions regime. This action is part of the FCA's broader effort to protect consumers and maintain market integrity, following previous warnings to UK users about HTX, which operates under the former Huobi brand in some regions. HTX is publicly linked to Tron founder Justin Sun, who acts as an adviser. While the lawsuit targets HTX entities, it is unclear if Sun is named as a defendant. This regulatory move occurs as the FCA tightens oversight on crypto promotions and proposes updates to bring more firms under full UK regulation, even as the government prepares structures to expand permissible crypto activities.

(Source：The Block)