Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces

Bitcoin.com | Aug 24, 2022 at 8:30 AM
  • The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country.
  • Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for the pro-Russian separatist forces in the east.
  • Ukraine’s Minister of Digital Transformation Mykhailo Fedorov recently announced on Twitter that $54 million worth of crypto funds collected through the Aid For Ukraine initiative have been spent to purchase body armor, medicines, night sights, and even vehicles for the Ukrainian army.