The Huobi and KuCoin Exchanges are Under Scrutiny for Allowing Transactions with Sanctioned Russian Banks

Two major crypto exchanges still allow customers of sanctioned Russian banks to transact on their platforms.

Tether is frequently used by Russians to move money out of the country and it is used by these two exchanges.

Huobi advisor Justin Sun did not respond, and representatives of KuCoin and Tether also failed to respond to separate requests for comment.

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