The government claims that the cryptocurrency exchange was involved in enabling the Russian government's financial gain. This could have included providing financial services or technologies to A7 LLC, which issues the ruble-backed stablecoin A7A5. With a capitalization of $567.8 million, it holds a 29.5% share of the non-dollar stablecoin market. In the UK, it was noted that HTX is assisting an aggressor in a sector that holds strategic importance for them. According to Chainalysis, illicit transfers involving A7A5 are projected to amount to $72 billion in 2025. Now, HTX assets under UK jurisdiction are immediately frozen. Moreover, British companies, banks, and licensed VASPs are prohibited from processing any transfers related to the cryptocurrency exchange. With a daily trading volume of $1.3 billion, HTX ranks among the top 10 largest cryptocurrency exchanges. The platform is used by 668,000 users weekly.