Pro-Russian military organizations are raising funds through cryptocurrency to support military operations and evade U.S. sanctions

According to Chaincatcher news and a report by CNBC, a Russian paramilitary organization is using the messaging app Telegram to raise funds through cryptocurrency to support paramilitary operations and evade U.S. sanctions. These funds are used to provide supplies to Russian-affiliated militia groups and support combat training at locations near the Ukrainian border. As of September 22, these fundraising groups have raised $400,000 in cryptocurrency.

It is reported that TRM Labs identified the organization as a Russian task force and found that they are seeking to raise funds for projects such as thermal imaging equipment and radios. (Source link)