Wu Blockchain (@WuBlockchain): HTX Suspends WLFI and USD1 Trading, Converting All User USD1 to USDT After Freeze
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HTX Suspends WLFI and USD1 Trading, Converting All User USD1 to USDT After Freeze HTX representatives stated that the team behind WLFI, the Trump family-backed crypto project, recently froze HTX-related on-chain addresses citing U.K. sanctions screening, without sufficient prior communication or providing a clear legal basis. As a result, certain WLFI tokens lawfully held by HTX users became restricted from circulation. HTX announced emergency protective measures, formally suspending WLFI-related trading services as well as USD1 deposit and withdrawal services. The platform also forcibly converted all USD1 holdings into USDT and credited the converted funds to users' accounts. HTX emphasized that the affected addresses belong to platform users rather than sanctioned entities or the exchange itself, and called on the WLFI team to immediately unfreeze the addresses. http://x.com/HTX_Molly/status/2063238358097355167