Let me translate HTX's PR talk into plain language: What does catching Lu Xun have to do with Zhou Shuren? Every exchange has multiple entities due to overseas operations. This is just PR spin trying to claim that the so-called 'Huobi Global S.A.' entity has nothing to do with HTX's business. It's a classic case of concept-swapping to mislead newbies and create a legal separation. The essence is to calm users down and prevent a bank run. For sanctions like this, they usually penetrate directly to all related entities and the ultimate beneficial owner (UBO). What title you slap on it doesn’t matter—they’re targeting the issue itself. My wild guess? In the end, they'll probably just pay a fine to settle it.