#russia
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El Salvador and russia Eye Crypto Ties Amid Geopolitical Tensions
President Nayib Bukele of El Salvador is reportedly planning a 2025 visit to russia, where cryptocurrency and cross-border crypto payments will headline discussions. Still, the geopolitical landscape raises questions about the visit’s feasibility.LockBit Hack: Everything You Need to Know
LockBit is one of the most deployed ransomware globally. This hacking group has compromised thousands of entities, spanning financial institutions, logistics companies, and healthcare organizations. These victims are now backed by an international law enforcement task force called Operation Cronos. 
Is ThorSwap Facilitating Illicit Activities?
A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia. In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities. The study's author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue. Atomic Wallet faces class-action lawsuit over a $100 million hack
Atomic Wallet has landed in legal hot waters. This development comes after a hacking event that wiped out more than $100 million.
The claimants assert that the developers neither informed the users about the security vulnerability nor contacted law enforcement after the breach.
Many prosperous investors, some having affiliations with Russia, are included in the court case. Ukrainian Security Service Strikes Down Illegal Crypto Exchanges
Ukraine's Security Service has successfully dismantled a significant underground network that was carrying out unauthorized financial transfers between Russia and Ukraine, making use of banned Russian payment systems and digital currencies.
Active in four regions, these secretive hubs were handling over $1 million each month. Platforms like Yumoney, Webmoney, and various cryptocurrencies were employed to change Russian rubles into digital currencies and subsequently into Ukrainian hryvnia. The primary customer base was made up of hackers and companies participating in under-the-table transactions with Russia. How WhiteBIT curbs Russia's attempts to bypass sanctions — Nosov
In an exclusive interview with the online publication "Focus," WhiteBIT founder and CEO elaborated on the transparency and openness of the exchange, their investments in crypto education, and Ukraine's potential to become one of Europe's leading digital hubs. 
WEF 2024: AI Takes Center Stage in Global Discussions
Artificial intelligence could revolutionize the world we live in. However, its unregulated widespread adoption poses an existential threat to humanity. This concern brings AI to the forefront of discussions at the World Economic Forum in Davos this January, alongside critical issues like climate change and Russia's war in Ukraine. 
Binance Exits Russia
Binance has agreed to sell its entire russian assets to CommEX, marking a full exit from the country. The transition will take up to a year, ensuring a smooth migration for existing russian users. Notably, CommEX is a newly launched exchange, just one day into its official journey. Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, reflects on Binance's exit from the russian market: “There’s no longer room for any business to stay “neutral”. Blockchain technology is neutral but people leading crypto businesses should not be.” Check out our exclusive interview with Alex Bornyakov, where we delve into Ukrainian blockchain projects and digital education on the Diia.Digital platform. 
AI Counterforce: Ukraine's Strategic Win over Russia
On the battlefield against Russia, Ukraine is leveraging more than just conventional arms; it's harnessing the power of artificial intelligence. Experts are endeavoring to grasp the role of AI in today's warfare. Its emergence is considered the third significant shift in battle tactics, following the revolutions of gunpowder and nuclear weapons. Tracking Sanctions Evaders: IRS and Ukraine Join Forces
The Internal Revenue Service (IRS) is intensifying its efforts to track down individuals potentially using cryptocurrency to evade sanctions, particularly in the wake of Russia's invasion of Ukraine. The IRS's criminal investigation division is partnering with blockchain analytics firm Chainalysis and Ukrainian investigators in this effort. AI Drones: The Forefront of Modern Warfare
Russia's economy is steadily moving towards a military emphasis: by 2024, Putin intends to dedicate 6% of the GDP to defense industry needs. Despite Western sanctions, the exportation of energy resources—such as crude oil, oil processing products, and natural gas—remains the major financial backbone for Russia's budget. Whitepay: 500,000 USDT Raised for Ukraine!
Amidst Russia's full-scale invasion, Ukraine's perseverance surprised many. The Ukrainian Armed Forces have stood strong, backed by the nation's unity and worldwide donations. Support from individuals worldwide, including crypto donations through Whitepay, has significantly bolstered Ukraine's defense efforts. 
Sanctioned Rosbank Introduces Cross-Border Crypto Payments
Rosbank, a major player in the Russian banking system, has begun executing cross-border crypto transactions. As of early June, the bank has carried out test transactions with both corporate and individual clients. This innovation aims to sidestep Western sanctions intended to halt Russia's conflict with Ukraine.