The UK’s financial watchdog sued Panama-based HTX exchange and unidentified persons, alleging illegal crypto promotions on social media despite warnings.
The United Kingdom’s financial watchdog has launched court action against cryptocurrency exchange HTX, alleging it illegally promoted crypto asset services to British consumers in breach of financial advertising rules.
The UK Financial Conduct Authority (FCA) said it began proceedings against HTX and several related persons in the Chancery Division of the High Court in October 2025.
In an update published Tuesday, the regulator said it received permission on Wednesday to serve the case outside the UK and by alternative means, noting that HTX (formerly known as Huobi Global) is incorporated in Panama.
