Hyperliquid Blocks Wallets Over Indirect HTX Links After May 26 UK Sanctions on $1.5B Russia Evasion

According to user as required, Hyperliquid began blocking wallets with indirect connections to HTX after May 26, 2026, when UK authorities sanctioned the exchange over suspected $1.5B in Russia sanctions evasion. The user claims the Singapore-registered platform has adopted an overly strict interpretation of UK sanctions, blocking addresses based on minimal contact with HTX—including cases where users only lent funds to others with HTX-linked wallets.

Other platforms have taken different approaches. OpenSea unblocked similar wallets within hours, while Lighter and other exchanges did not block them at all, suggesting transparent appeals processes do not necessarily create legal risks. On-chain analyst ZachXBT noted that such strict interpretations have weakened blockchain risk assessment, with compliance systems now flagging many ordinary wallets as "high risk" simply for past HTX interaction.