Pro-Russian groups have raised $400,000 in cryptocurrency since the start of the Ukraine invasion to fund paramilitary operations and evade U.S. sanctions.
Pro-Russian groups are raising funds in cryptocurrency to prop up paramilitary operations and evade U.S. sanctions as the war with Ukraine wages on, according to research by TRM Labs.
As of Sept. 22, these fundraising groups had raised $400,000 in cryptocurrency since the start of the invasion of Feb. 24. As of Sept. 22, these fundraising groups had raised $400,000 in cryptocurrency since the start of the invasion on Feb. 24, according to TRM Labs, a digital asset compliance and risk management company.
One group TRM Labs identified raising funds is Task Force Rusich which the U.S. Treasury describes as a "neo-Nazi paramilitary group that has participated in combat alongside Russia's military in Ukraine." The Treasury Department's Office of Foreign Assets Control has sanctioned Task Force Rusich.
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