Russia accused of using crypto to fund sabotage operations in Europe

garvfinance

A Polish official says Russia is paying agents in Europe using cryptocurrency to finance sabotage, drone incursions, and cyberattacks, in an effort to conceal the flows from Western intelligence.   This has led to calls for stricter crypto monitoring and enhanced regulatory oversight.  #crypto #russia #poland

Transcript

00:00Crypto isn't just for trading anymore, officials warn.

00:03They're warning it funds covert attacks across Europe.

00:07Poland's top security official told the Financial Times.

00:11He says Moscow likely used cryptocurrency to fund espionage.

00:15He points to cross-border drone incursions and attacks.

00:19He also cites sabotage operations across much of Europe.

00:23Investigators say they traced a $600 million Bitcoin wallet.

00:27That wallet was tied to payments for vandalism and arson.

00:32And it paid mercenaries for on-the-ground operations.

00:36The U.S. Treasury sanctioned crypto exchange Garantex.

00:40Officials say it processed illicit cryptocurrency flows.

00:44Analysts warn GRU-linked networks recruited via encrypted apps and paid in crypto to hide trails.

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