Ukraine seizes $19,500 from crypto wallet dedicated to supporting Russian forces

The Security Service of Ukraine (SSU) said connected August 24 that it seized $19,500 from a crypto wallet that was being utilized to money a Russian group, according to a press release.

According to the release, the bureau implemented a mechanics to place and artifact wallets raising funds for the Russian army.

Intelligence gathering led to the apprehension of a Russian collaborator who reportedly held $19,500 successful a wallet for the invading army. The unpaid raised the funds done societal media campaigns soliciting assistance from Russian supporters.

Further probe revealed that the proceeds were utilized to acquisition subject instrumentality for the separatist fighters successful the portion of Luhansk and Donetsk.

The information bureau stated it volition proceed its hunt against Russian collaborators helping money the ongoing warfare against Ukraine.

Russia received implicit $2.2 million

A caller survey by Chainalysis revealed that 54 organizations crossed Russia received implicit $2.2 cardinal to money their operations.

Volunteer groups took to societal media to crowdfund enactment for the acquisition of subject items and dispersed propaganda astir the war. The pro-Russian groups spent astir of the funds connected items similar drones, weapons, bulletproof vests, and connection devices.

Many of the promoters of the fundraising run are entities reportedly sanctioned by the OFAC. Alexander Zhuchkovsky who is connected the authorisation database utilized his societal media relationship to solicit donations for the Russian Imperial Movement and Donbas militia groups.

The station Ukraine seizes $19,500 from crypto wallet dedicated to supporting Russian forces appeared archetypal connected CryptoSlate.