porta gloryhole-Crypto in Conflict: How Crypto Fuels the Ukraine-Russia War
Ukraine has accumulated over $70 million in crypto donations for its war efforts.Russiaâs crypto funding allegedly comes from groups performing ransomware attacks that have pledged their allegiance to the countryâs cause.The conflict has caused crypto to go mainstream in Ukraine, with central exchange traffic increasing by as much as 30% over the war.The Ukraine-Russia conflict entered its second year on February 24. It has ebbed and flowed with Russiaâs military might pushing on multiple fronts and Ukraine resiting with backing from NATO countries.
Throughout the conflict, there has been an agnostic player helping fuel the war: cryptocurrency. Decentralized and agnostic digital assets have become a tool of conflict on both fronts.
Both sides have used crypto for donations and cross-border payments. However, Russia has allegedly been using...
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