Russia Bans WhiteBit Crypto Exchange Over Alleged $11M Ukraine Military Funding

TLDR: Russia designated WhiteBit and parent company W Group as undesirable organizations under new ruling. Exchange management allegedly transferred $11 million to Ukraine’s armed forces, including $0.9M for drone purchases. WhiteBit accused of running gray schemes that enabled illegal withdrawal of funds from Russia’s borders. Platform reportedly provides technical infrastructure support to United24’s cryptocurrency donation [...]

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