Pro-Russian Outfits Turn to Crypto Fundraising to Support War Efforts Against Ukraine: Report

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Pro-Russian Outfits Turn to Crypto Fundraising to Support War Efforts Against Ukraine: Report
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The report comes amid reports of the European Union seeking to tighten restrictions on Russia's crypto investments within the bloc.

The report comes amid reports of the European Union seeking to tighten restrictions on Russia’s crypto investments within the bloc.

According to Chris Janczewski, head of global investigations at TRM Labs, the blockchain intelligence resource identified around $400,000 in cryptocurrency raised since the beginning of the invasion on February 24.that Task Force Rusich – which happens to be a pro-Kremlin militia advocating for the murder and torture of Ukrainian prisoners – is also one such group raising funds in crypto.

TRM Labs also discovered a Telegram Channel called Romanov Light that amassed more than $174,000 in crypto for the Special Rapid Response Unit , an elite Special Forces unit of the National Guard of Russia.

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