Bybit advised customers to avoid using HTX-linked wallets when transferring funds and emphasized that all activity must remain compliant with local laws and platform policies. The move reflects growing caution across the crypto industry as regulators intensify scrutiny around sanctioned exchanges and cross-border crypto flows.

The development also raises broader concerns about stablecoin exposure. Analysts note that HTX-linked wallets reportedly hold tens of millions of dollars in USDT, fueling speculation about whether issuers like Tether could eventually freeze sanctioned-related assets as compliance pressure increases globally.