Binance Froze Russian Gun Maker's Crypto Assets, Likely at Ukraine’s Request

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Binance Froze Russian Gun Maker's Crypto Assets, Likely at Ukraine’s Request
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SCOOP: binance froze a wallet related to Vladislav Lobaev, a Russian gun manufacturer who raised funds for the country's troops in Ukraine, according to a Lobaev representative and blockchain analysis. baidakova reports for CoinDesk's SinWeek series

Call for donations in Lobaev's Telegram channel

After the Ukrainian law enforcement discovered the fundraising activity, it apparently persuaded Binance to freeze the account, which by then had received over $21,000 in bitcoin, ether and USDT. Security Service of Ukraine do not respond to CoinDesk’s requests to comment.“Any government or law enforcement agency in the world can make lawful requests regarding users in their jurisdiction provided these are accompanied by the proper legal authority," a spokesperson for Binance said.

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