Huobi will automatically block accounts of "bad players"

by in Blockchain News

Huobi

Huobi Group seeks to stop illegal activities on its platforms and therefore launches its transaction analysis instrument.

Star Atlas is the new Huobi Group program that is going to block accounts with “suspicious” transactions automatically. The decision to unlock will be made by specific employees of the exchange after studying a particular case.

In a press release, the exchange said that when monitoring user transactions, Star Atlas will take into account the interaction with addresses from the blacklist of the platform.

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Ciara Sun, vice president of global business, said in a press release that Star Atlas would help Huobi Group's trading platforms counteract “bad players,” whose dubious activities endanger the trading of honest users.

Huobi was associated with almost 25% of illegal BTC transactions in 2019, second solely to Binance in such transactions.