Htx.com Unapproved

HTX.com, formerly Huobi and founded in 2013, operates as a Seychelles-based cryptocurrency exchange serving over 45 million users in 160+ countries. It offers spot trading for 700+ assets, futures with 200x leverage, margin at 5x, and earn products like staking and dual investments. The platform supports iOS/Android apps, API access, and fiat on-ramps via P2P, with claims of 1:1 reserves and multi-signature security. However, red flags include no top-tier regulation like FCA or SEC oversight, relying on lighter licenses in Lithuania, Dubai (VARA), and British Virgin Islands (SIBA). WikiFX rates it 0/10 with “suspicious” status, noting an “Unauthorized” NFA label and non-functional website (htcps.com), signaling high risk. Scam Detector scores it 60.8/100, citing fraud proximity. Adverse media highlights fund access denials. Trustpilot’s 1.7/5 from 33 reviews details 2025 cases: a July 1 block after MYXUSDT profits froze $1,859 USDT and deducted $2,770 in “retroactive PnL” for “abnormal transactions,” with no evidence despite appeals—support enforced a 6-month hold. An April 17 complaint notes a balance zeroed post-profits, calling it a “casino-like” scam. A February 5 report flags a stuck Bybit deposit as “abnormal asset origin.” Reddit’s r/CryptoScams (2025) warns of “straight-up scam” locks ruining lives, with users losing $80K+ to unresponsive support. r/CryptoCurrency (2023-2025) ties it to Justin Sun’s “scammiest” ventures, including wash trading and hacks. BrokersView and Cointelegraph note 2025 Forbes “trustworthy” nod but criticize China/U.S. bans and clone frauds like htx-wallet.com promising impossible returns. No major 2025 fines, but patterns suggest profit withholding via “risk controls.”

The Censorship Approach: Vague Deflections and Limited Engagement

HTX.com manages complaints by keeping them private. Its site lacks a review forum, routing issues to email or chat that yield generic “provide TXID” replies, as in the February 2025 Bybit case with no fix. It responds to 12% of Trustpilot negatives within two weeks but avoids specifics—e.g., a July 2025 deduction got a “security protocol” note without proof. No Reviews.io profile lets issues stack with spam, and social media ignores #HTXScam tags, focusing on promos. SEO favors listings over alerts, isolating feedback.

Why They Hide It: To Maintain Volume Amid Freezes

HTX.com depends on global inflows from futures and staking. Public details on blocks could deter users in 2025’s bull market, especially post-Sun scrutiny. Without strong regulation, “abnormal” claims dodge probes, prioritizing retention via education over resolutions. By vague replies, it upholds a “secure” image for affiliates, betting opacity sustains trades.

Conclusion: Trade Cautiously on HTX.com

HTX.com provides tools but risks freezes and deductions, endangering assets on weak oversight. Investors, enable 2FA and test withdrawals—use fully regulated exchanges. Regulators like VARA should audit “risk” excuses and clones. Crypto needs reliable access, not alibis; time for enforcement.