Russian Politicians’ Crypto Wallets Are Being Targeted By Ukrainians

Russian politicians’ crypto wallets are being targeted by Ukrainians and some hefty crypto rewards are up for grabs with the people looking for more ways to thwart Russia’s war on their country so let’s read furhter in today’s latest cryptocurrency news.

Ukrainian authorities are trying to stay ahead of the crypto-savvy Russian officials that could shift to digital currency in order to evade rising efforts to isolate the Kremlin and its allies. Wars can be waged on multiple fronts as with only a few stones left unturned in the pursuit of effective techniques for gaining an upper hand. The Ukrainian show resourcefulness in his aspect as they are fighting Russia’s recent invasion with conventional military techniques. The country is unparalleled in terms to military capacity and is hellbent on cripplign the Russian politicians’ crypto wallets as well as looking for any information about what more they possess.

Vice-Premier Mykhailo Fedorov announced that the Ukrainian crypto community will reward those that will give information. The government already started soliciting crypto donations via social media and advertising in online hacker forums that are looking for assistance in defending against cyberattacks. Fedorov indicated that Ukraine Is assembling a new IT Army. Russia’s policy of combating adversaries using digital assets and online means that been in place for a long time and Ukrainian hope is that it could be turned around on them in a very important way.

Sanctions are among the most potent measures in the US and the Western allies for influencing the behavior of states that they regard as threats. In this instance, a bounty for anyone that will give information about crypto wallets that belong to the Russian and Belarusian politicians could be an effective instrument.

According to Artem Afian who is a Ukrainian attorney in charge of the project, the incentives for the politicians’ wallet information will be paid by private donations rather than the government. Afian didn’t disclose the total amount raised so far but said that the donations are made in ETH, BTC, and USDT. Ukraine’s actions show how crypto can cross borders and be used by everyone that seeks assistance and those that try to evade the law. Asian said he aims to publish a list of politicians’ addresses in the next few days and distribute it to major crypto exchanges.

The main goal is to flag these addresses as unsafe and deter individuals and businesses from transacting with them but it is unlikely that Russian president Vladimir Putin will become a victim to this “danger.”