sui went down for 5 hours yesterday. second full network halt in 150 days. uptime now below 99.86% over that window. solana during its worst outage era in 2022 was getting destroyed for exactly this. difference is solana was a $4b chain back then. sui is $3.7b right now, marketing "enterprise-grade infrastructure" and "sub-second finality" to institutions while validators can't coordinate block production. you cannot sell reliability to circle, coinbase, and a16z portfolio companies when your consensus layer freezes under the same stress that solana just processed $250m USDC through without blinking. mysten labs has the team and the funding to fix narwhal-bullshark. but one more outage and the institutional pipeline closes permanently. the market prices in resilience during drawdowns, not whitepapers.
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During yesterday’s PRAGATI session, projects worth over Rs. 30,000 crore were reviewed. The works covered sectors like railways, power and road connectivity. Aspects relating to ports, Swachh Bharat Mission 2.0 and other social sector schemes were also discussed.
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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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