HTX suspend trading for WLFI and USD1, convert USD1 to USDT 1:1

Published: 2026-06-08 01:54:17 |

HTX stop WLFI and USD1 trading after gbe about UK sanctions compliance wey join WLFI freeze tokens for addresses wey dey connected to the exchange. For June 6, HTX halt WLFI/USDT and USD1/USDT trading and change all users USD1 stablecoin balance to USDT 1:1. USD1 delisting full take effect June 7 by 03:00 UTC. Latest article add the trigger timeline: e trace the freeze to May 26 UK sanctions compliance review wey involve Huobi Global S.A. (wey get history connection with HTX). After that designation, WLFI allegedly freeze tokens inside HTX-linked addresses, make HTX suspend USD1 deposits/withdrawals and do the forced conversion. For traders, HTX suspend WLFI and USD1 trading even though both assets dem list in May 2025. Article still flag say WLFI token contracts get admin-controlled blacklist/freeze functions, show issuer-level centralization and liquidity risk if compliance actions spread across token ecosystems. The immediate conversion show no loss, but market signal bad for WLFI and USD1 as delisting pressure fit quick escalate. Overall, HTX suspend WLFI and USD1 trading show how sanctions-driven freezes fit suddenly change exchange access—force quick repricing around custody, withdrawals, and availability.

Bearish

Bearish for di affect token dem (WLFI and USD1). Even though di immediate USD1 to USDT conversion na dem say 1:1 with no loss talk, HTX don suspend WLFI and USD1 trading, dem stop both spot pairs plus USD1 deposits/withdrawals—dis kain action fit pressure token liquidity and pricing. Di new details still raise risk perception: di freeze link to UK sanctions-compliance follow-ups wey get connection to one historical entity and e carry out through WLFI admin-controlled blacklist/freeze features. Dat mean issuer fit immobilize tokens for exchange-linked addresses, so traders dey face higher delisting and liquidity event risk if compliance scrutiny widen. Short-term, expect volatility around withdrawals, spreads, and any remaining WLFI/USD1 exposure. Long-term, di issuer-level centralization and compliance trigger set negative precedent for holders across similar token ecosystems.