VASPCheck
DirectoryMethodology
Prototype
VASPCheck

VASP Compliance Summary — HTX

HTX Global Ltd (formerly Huobi Global) · Exchange · Seychelles

Exported 2026-08-25
Data reviewed 2026-08-07

Overview

Compliance snapshot

Overall regulatory statusNot licensed
EU MiCA statusNo EU authorization
  • No EU, UK or US federal exchange authorization for the global entity
  • Rebranded from Huobi after withdrawing from its original home market
  • Trustpilot 2.7/5 · 3,340 reviews
  • Multiple hot-wallet incidents between 2023 and 2025

High concern

Offshore group with no EU or UK authorization, a rebrand following exit from its home market, and repeated security incidents affecting platform wallets.

Authorizations

Licenses & registrations

JurisdictionRegulatorAuthorizationStatusReferenceGranted
SeychellesFinancial Services Authority Seychelles
FSCA · https://fsaseychelles.sc/regulated-entities
VASP registrationRegisteredVASP-SC-2023-0772023-06-01
IndonesiaBappebti / OJK
Bappebti · https://www.bappebti.go.id
Registered crypto asset trader (local entity)RegisteredID-CAT-2022-0192022-04-14

Reputation

Reputation scores

Trustpilot-style score2.7 / 5
Reviews3,340
App Store4.0
Google Play3.5
12-month trenddown
Press sentiment (12m)+2 / ~3 / −7

Media

Recent press

DateSourceHeadline & summarySentiment
2026-06-18ReutersHTX faces renewed questions on reserve composition
Analysts flagged a high share of affiliated tokens in published reserves.
Negative
2026-03-25BloombergExchange restructures regional entities
Operations were consolidated under fewer offshore entities.
Neutral
2025-12-04CoinDeskHTX withdrawals delayed after wallet incident
Processing resumed after roughly a day; the venue said users were made whole.
Negative
2025-09-12Financial TimesEuropean supervisors warn on unlicensed venues
HTX was named in a supervisory list of firms soliciting EU residents without authorization.
Negative
2025-04-08CoinDeskFee cuts drive spot volume rebound
Zero-fee promotions lifted reported volumes.
Positive

Risk events

Incidents & enforcement

DateTypeAmountDescription
2025-12-03HackUSD 8,000,000Hot-wallet compromise; the venue said losses were covered from corporate funds.
2025-09-12Enforcement—Public warning by an EU national supervisor concerning provision of services without authorization.
2023-09-25HackUSD 7,900,000Theft from an exchange hot wallet later attributed to a state-linked actor.

Profile

Key facts

Founded2013
Websitehtx.com
Fiat currenciesUSD, IDR
Proof of reservesPartial
Custody modelOmnibus hot/cold wallets, self-attested reserves
Legal entitiesHTX Global Ltd (SC) · PT HTX Indonesia (ID)
DirectoryHTX
HTX logo

HTX

Not licensedNo EU authorizationESMA register

HTX Global Ltd (formerly Huobi Global)

Exchange🇸🇨 Seychelles Founded 2013htx.com
Visit website
Last reviewed
2026-08-07
OverviewLicensesReputationPressIncidents

Compliance snapshot

  • No EU, UK or US federal exchange authorization for the global entity
  • Rebranded from Huobi after withdrawing from its original home market
  • Trustpilot 2.7/5 · 3,340 reviews
  • Multiple hot-wallet incidents between 2023 and 2025
Overall concern
High concern

Offshore group with no EU or UK authorization, a rebrand following exit from its home market, and repeated security incidents affecting platform wallets.

Regulatory

Licenses & registrations

JurisdictionRegulatorAuthorizationStatusReferenceGranted
🇸🇨 SeychellesFinancial Services Authority SeychellesFSCAVASP registrationRegisteredVASP-SC-2023-0772023-06-01
🇮🇩 IndonesiaBappebti / OJKBappebtiRegistered crypto asset trader (local entity)RegisteredID-CAT-2022-0192022-04-14
  • 🇸🇨 Seychelles
    Registered
    VASP registration
    Financial Services Authority SeychellesFSCA
    VASP-SC-2023-0772023-06-01
    Verify at source
  • 🇮🇩 Indonesia
    Registered
    Registered crypto asset trader (local entity)
    Bappebti / OJKBappebti
    ID-CAT-2022-0192022-04-14
    Verify at source
User signals

Reputation

Trustpilot-style score
2.7/ 5
2.7
3,340 reviews
Declining (12m)
App ratings
App Store
4.0
Google Play
3.5
Press sentiment (12m)
Positive2
Neutral3
Negative7
Media

Recent press

  • 2026-06-18
    HTX faces renewed questions on reserve compositionNegative

    Reuters — Analysts flagged a high share of affiliated tokens in published reserves.

  • 2026-03-25
    Exchange restructures regional entitiesNeutral

    Bloomberg — Operations were consolidated under fewer offshore entities.

  • 2025-12-04
    HTX withdrawals delayed after wallet incidentNegative

    CoinDesk — Processing resumed after roughly a day; the venue said users were made whole.

  • 2025-09-12
    European supervisors warn on unlicensed venuesNegative

    Financial Times — HTX was named in a supervisory list of firms soliciting EU residents without authorization.

  • 2025-04-08
    Fee cuts drive spot volume reboundPositive

    CoinDesk — Zero-fee promotions lifted reported volumes.

History

Incidents & enforcement

  1. 2025-12-03HackUSD 8,000,000

    Hot-wallet compromise; the venue said losses were covered from corporate funds.

  2. 2025-09-12Enforcement

    Public warning by an EU national supervisor concerning provision of services without authorization.

  3. 2023-09-25HackUSD 7,900,000

    Theft from an exchange hot wallet later attributed to a state-linked actor.

Entity

Key facts

CMC rank
#10
Fiat currencies
USD, IDR
Proof of reserves
Partial
Custody model
Omnibus hot/cold wallets, self-attested reserves
Legal entities
  • HTX Global Ltd (SC)
  • PT HTX Indonesia (ID)
Compare

Similar providers

  • Coinbase logoCoinbaseLow concern
  • Binance logoBinanceMedium concern
  • Kraken logoKrakenLow concern
  • Bitstamp logoBitstampLow concern
  • Bitvavo logoBitvavoLow concern
VASPCheck

Licence records, regulator references, enforcement and press for virtual asset service providers.

Dataset updated 2026-08-14

Product

  • VASP directory
  • Methodology
  • Home

Reference

  • Risk indicator guide
  • Official registers
  • Update frequency

Contact

  • Report a data issue
  • data@vaspcheck.example

Prototype — sample data for demonstration only. Always verify against official registers. VASPCheck is an informational tool, not legal or regulatory advice. Company names and logos are used for identification purposes only.

Edit with