WLFI says freeze when asked, HTX says switch when asked, the true nature of stablecoins being unstable is fully exposed—user assets are always the last line of defense

WLFI-2.39%
HTX-0.89%
View Original
CoinNetwork
CoinWorld News, HTX Exchange announced that due to the World Free Finance (WLFI) freezing certain on-chain addresses related to the exchange, it has delisted the stablecoin USD1 associated with the Trump family. HTX stated that the freezing measures were not communicated in advance and lack legal basis and transparency. Users' balances in USD1 will be converted 1:1 to Tether (USDT), with specific timing and details to be announced separately. Additionally, HTX has also suspended several related trading pairs, including WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1. This move occurs amid HTX facing pressure related to sanctions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments