Crypto Wallet of Russian Supporter Frozen Amid Ukraine War
Crypto Wallet of Russian Supporter Frozen Amid Ukraine War
Binance Freezes Wallet of Pro-Russian Figure
Vladislav Lobaev, a prominent supporter of Russia’s invasion of Ukraine, had his Binance crypto wallet frozen. Lobaev, known for soliciting donations through Telegram to supply Russian troops, saw his account suspended amid scrutiny over his activities. His son confirmed the freeze, though Binance emphasized its rigorous legal review process for such actions.
Ukraine Seizes Crypto Funds Aiding Russian Militants
The Security Service of Ukraine (SSU) seized a Russian citizen’s crypto wallet, containing over $19,500, alleged to be used for purchasing military gear for groups like L/DNR. The SSU, with international crypto firm assistance, charged the individual under Ukraine’s terrorism financing laws for promoting donations through social media.
Crypto's Role in the Ukraine Conflict
Despite a bear market, crypto remains vital for Ukraine’s defense, offering flexibility and speed. The Ukrainian government warns that others supporting Russia may face similar legal consequences, underscoring crypto’s dual role in the conflict.
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