Russo-Ukrainian War: How Both Sides In The Conflict Used Crypto To Win
As tens of millions of crypto were donated to Ukraine last year, pro-Kremlin groups also took advantage digital currencies to buy military supplies and spread propaganda.
Cointelegraph YouTube Subscribe Own this piece of historyIn the Russian-Ukrainian war, both sides in the conflict leveraged cryptocurrencies to gain the upper hand.
Pro-Ukraine causes have raised approximately $200 million through crypto donations, showing how borderless and uncensorable money can be useful in an emergency.
But the Russian side also profited from crypto: a total of around $5 million was collected by pro-Kremlin groups and propaganda outlets during the invasion, as revealed by a recent report from Chainalysis. These entities are small grassroots organizations that have used cryptography to circumvent Western financial sanctuary...
As tens of millions of crypto were donated to Ukraine last year, pro-Kremlin groups also took advantage digital currencies to buy military supplies and spread propaganda.
Cointelegraph YouTube Subscribe Own this piece of historyIn the Russian-Ukrainian war, both sides in the conflict leveraged cryptocurrencies to gain the upper hand.
Pro-Ukraine causes have raised approximately $200 million through crypto donations, showing how borderless and uncensorable money can be useful in an emergency.
But the Russian side also profited from crypto: a total of around $5 million was collected by pro-Kremlin groups and propaganda outlets during the invasion, as revealed by a recent report from Chainalysis. These entities are small grassroots organizations that have used cryptography to circumvent Western financial sanctuary...
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