2.2 Million Dollars of Bitcoin, Ethereum and Altcoins Donated to Pro-Russian Groups!

After Russia invaded Ukraine Bitcoin and Ethereum donations to Ukraine It was talked about a lot.

Cryptocurrency data company Chainalysis has announced that crypto donations are not only to the Ukrainian side, but also to the Ukrainian side. He published a report that he also went to pro-Russian groups.

in the report They identified nearly $2.2 million in crypto donations to pro-Russian groups. and most of them Bitcoin and Ethereum reported donations.

Considerably Tether, Litecoin and Dogecoin was among the donated cryptocurrencies.

The report included the following statements:

“Since the start of the war, we have identified 54 pro-Russian organizations that have received a total of over $2.2 million in cryptocurrencies, primarily Bitcoin and Ethereum donations.

Significant amounts of Tether, Litecoin, and Dogecoin were also sent.

Most of these funds were used to equip paramilitary groups with military equipment.

Five organizations raised over $100,000, 17 organizations raised over $10,000, and 35 organizations raised more than $1,000 in cryptocurrencies.

Crypto donations sent to these organizations are reportedly used to support everything from financing pro-Russian propaganda sites to purchasing military items such as drones, guns, bulletproof vests, communication devices, and various other supplies.

While significant, the $2.2 million in crypto donated to pro-Russian organizations still pales in comparison to the tens of millions donated to Ukraine.

We will continue to work with our partners in the public and private sectors to monitor these accounts and add new ones as they are identified. We will also continue to closely monitor other indicators related to Russian sanctions avoidance and cryptocurrency-based money laundering.”