HTX (formerly Huobi): legal proceedings information

On 21 October 2025, the FCA commenced proceedings in the Chancery Division of the High Court against the following parties:

1. HUOBI GLOBAL S.A.(a company incorporated in Panama)
2. PERSONS UNKNOWN (who are the owner of, controller and/or the persons currently in control of all or part of www.htx.com and/or its associated mobile applications (“the HTX Exchange”))
3. PERSONS UNKNOWN (who are the legal and/or natural persons defined as the HTX Operators in the HTX Platform User Agreement (version dated 13 July 2023))
4. PERSONS UNKNOWN (who are the persons currently in control of promotions on behalf of the HTX Exchange on any of the following social media platforms and/or messenger services: X, Facebook, Instagram, Telegram, Tik Tok, You Tube, Discord, Medium and/or LinkedIn)
5. PERSONS UNKNOWN (who are such additional persons who on or before 31 October 2028 become owner or controller of the HTX Exchange and/or become legal and/or natural person within the meaning of HTX Operators in the HTX Platform User Agreement (version dated 13 July 2023) and/or become controllers on behalf of the HTX Exchange of accounts on any of the following social media platforms and/or messenger services (X, Facebook, Instagram, Telegram, Tik Tok, You Tube, Discord, Medium and/or LinkedIn)

On 4 February 2026, the High Court granted the FCA permission to serve the proceedings out of the jurisdiction and by alternative means. In accordance with paragraph 7(b) of the Order of Deputy Master Dovar dated 4 February 2026, we set out the key documents in these proceedings.

Key documents

• Claim Form dated 21 October 2025[2]
• Particulars of Claim dated 2[3]1[3] October 2025[4]
• Application Notice dated 22 October 2025[3]
• Order of Deputy Master Dovar dated 4 February 2026[4]
• Order of Deputy Master Valentine dated 31 March 2026[5]

Any person who believes they are one of the Persons Unknown named above and therefore a party to these proceedings should contact the FCA via [email protected] to request any additional documents relating to these proceedings.