RECAP:
-The U.S.-Iran exchange exploded. The U.S. struck Iran again Wednesday and downed Iranian drones. Iran says it fired on four ships in Hormuz, then claimed it hit a U.S. airbase in retaliation.
-Kuwait activated its air defenses against "hostile" missile and drone attacks. Likely tied to the IRGC retaliation, since Kuwait hosts major U.S. bases.
-Israel escalated hard in Lebanon, striking over 150 Hezbollah sites and issuing evacuation orders for buildings in Tyre. Netanyahu authorized more intense attacks even as the deal is meant to end that war.
-Politico says the Pentagon has quietly staged the troops and warships for a Cuba invasion. All it needs is Trump's green light.
-AP reports: the Trump administration told Miami prosecutors to stand down on Venezuela's acting president as oil deals flow. Same pause reportedly hit Colombia's Petro.
-The Pentagon is in talks to fund U.S. drone makers. The U.S. builds 100,000 drones a year. Ukraine built 4 million.
-A Google engineer was charged with using insider company data to win $1.2 million on Polymarket.
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Yesterday, our industry witnessed something unprecedented.
In the past, when a CEX faced negative news, users could still freely move their assets to another platform.
But this time, many users discovered something alarming:
They were not unable to leave HTX —
they suddenly had nowhere to go.
Following the UK sanctions-related concerns around HTX, some third-party risk-control systems broadly labeled wallets interacting with HTX as “high risk.”
As a result, many normal users experienced:
restricted transfers,
blocked transactions,
and in some extreme cases, frozen accounts on other platforms simply for depositing funds from HTX.
This level of large-scale, indiscriminate risk control against ordinary users is unprecedented in crypto history.
What makes this even more troubling is:
HTX itself is operating normally.
Trading, deposits, withdrawals, and OTC services are all functioning as usual.
But somehow, the users became the problem.
And that is something the entire industry should reflect on.
Because the people being affected are not “HTX users” alone.
They also trade on Binance, OKX, Bybit, Coinbase, and many others.
They belong to the crypto industry as a whole.
If concerns exist around a platform, then measures should target the platform itself — not ordinary users through broad collateral damage.
At the moment, HTX withdrawals remain fully operational. Users can still move assets on-chain.
But if users eventually feel safer keeping funds only on-chain, or exiting entirely through OTC markets, then this is no longer an HTX issue.
It becomes a crisis of trust for all centralized exchanges.
And in a market already struggling with weak confidence, this could cause lasting damage to the entire industry.
To put it simply:
Crypto can survive without HTX.
But crypto cannot survive without user trust.
We want to clearly state:
HTX fully supports compliance efforts and is actively cooperating with all relevant parties to resolve misunderstandings as quickly as possible.
We respect the need for exchanges to follow compliance requirements.
But we also believe ordinary users should not become victims of flawed or overly broad risk-control systems.
Therefore, we sincerely call on all exchanges and industry partners to:
1️⃣ Work together with third-party security and compliance providers to address the current situation affecting users, and improve industry-wide risk-control standards.
2️⃣ Implement more precise review mechanisms for normal users interacting with HTX, so legitimate funds and users are not unfairly impacted.
HTX is fully willing to cooperate throughout this process.
Finally, to everyone who still trusts HTX and continues to keep assets on our platform:
Thank you.
HTX will not run away.
We will stay here, face the situation directly, and continue working until these issues are fully resolved.
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