Chainalysis identified 54 pro-Russian groups that have “collectively received over $2.2 million worth of cryptocurrency.”
“The accounts that support militias often publish pictures of the purchased equipment and descriptions of how future donations will be used,” the Chainalysis report says with an accompanying picture of military equipment purchased with crypto. “Sometimes the posts even itemize the purchases,” Chainalysis researchers wrote.
Image shared in the Chainalysis report of pro-Russian groups sharing pictures of items allegedly purchased with crypto assets.The news from Chainalysis was published on July 29, 2022, as the Ukraine-Russia war continues with no end in sight. In recent times a shows that Russia is a popular destination for crypto asset miners. The research published by Intelion Data Systems discovered that crypto miners are flocking to Moscow and Moscow Oblast, Karelia, and Buryatia.
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