HTX Suspends WLFI and USD1 Trading After Token Freeze

HTX has suspended trading of WLFI and USD1 assets after the World Liberty Financial team froze user tokens sitting in HTX-linked addresses—a minor reminder that "not your keys, not your coins" remains evergreen.

On June 5, 2026, at 13:00 UTC, HTX pulled the plug after the WLFI project team restricted on-chain circulation of specific WLFI tokens in HTX-related wallets, citing an ongoing UK sanctions compliance review. HTX pushed back on the rationale. "These are assets legally purchased and owned by individual users… To date, we have received no clear explanation regarding the legal basis, scope, standards, or resolution process behind this action," an HTX spokesperson stated. The exchange added that the frozen tokens are not assets of any sanctioned entity or the exchange itself.

To safeguard user assets, preserve market fairness, and reduce systemic risks, HTX immediately suspended the following trading pairs: WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1. The exchange also paused USD1 deposits and withdrawals, automatically converting all user USD1 holdings to USDT at a strict 1:1 ratio. WLFI tokens remain safe on-chain, with withdrawals expected to resume once the freeze is lifted. HTX has formally requested WLFI restore access.