Ukraine Blocks Crypto Wallets Used To Fund Russia Invasion
Ukraine government has seized and blocked the crypto wallets which were affiliated to raising funds for Russian military campaign. According to Security Service of Ukraine, a lot of foreign crypto companies helped Ukraine seize the funds. The agency at the moment is tracking the funds and also transferring them under the Ukrainian jurisdiction. It has […]
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Ukraine is currently undergoing turbulence and instability due to the Russian invasion. The disagreement between the two countries could be traced back to 2014 in the Revolution of Dignity. This is primarily after Russia annexes Crimea from Ukraine. Furthermore, Russia has fronted another invasion of Ukraine on 24 February 2022. The war between Ukraine and […]
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western Union Condemns Invasion of Ukraine, Halts Services in Russia and Belarus Money transfer specialist Western Union has condemned Russia’s military assault on neighboring Ukraine, expressing “shock, disbelief, and sadness around this tragedy and humanitarian disaster.” The....
The invasion of Ukraine by Russia prompted crypto donations from all around the world. It was intended to assist the country in acquiring all the necessary military weapons to withstand the conflict with Russia. Ukraine disclosed how they spent crypto donations, revealing that the majority was spent on armaments. The crypto community has chipped in $54 […]
Ukraine has an advantage in terms of crypto adoption over Russia, research shows, as the latter launches an invasion of Ukraine. Chainalysis, a market research firm, rated Ukraine fourth globally in its 2021 Global Crypto Adoption Index (GCAI), which tracks the amount and value of cryptocurrency exchanged in a country. While Russian President Vladimir Putin […]
“While significant, the $2.2M worth of crypto donated to pro-Russian orgs still pales in comparison to the tens of millions in crypto donated to Ukraine,” said Chainalysis. According to data from crypto analytics firm Chainalysis, users have sent more than $2 million in crypto to 54 pro-Russian groups since Feb. 24, a fraction of that received by many wallets controlled by the Ukrainian government.In a Friday blog post, Chainalysis said it had tracked funds sent to social media accounts controlled by pro-Russian groups in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USDT-TRX, and Dogecoin....