The Russian Prosecutor Basic’s Workplace declared the actions of the European bitcoin (BTC) alternate WhiteBIT and its W Group group as “undesirable” inside Russian territory. This determination prohibits any type of cooperation, transaction or promotion linked to the platform within the nation, marking a brand new chapter within the complicated community of digital finance and geopolitical sanctions.
Russian authorities They justify this measure with a sequence of accusations. They preserve that the alternate facilitates “schemes to illegally withdraw funds from the nation,” a declare that resonates with Moscow’s considerations about capital flight. Moreover, and extra forcefully, the Prosecutor’s Workplace accuses WhiteBIT of “supporting the Armed Forces of Ukraine” for the reason that begin of the “particular navy operation” in February 2022.
In response to the official assertion from the Lawyer Basic’s Workplace, WhiteBIT would have transferred roughly $11 million in 2022. Of this sum, it’s said that $900,000 was allotted particularly to the acquisition of drone programs for Ukrainian troops.
The platform can also be famous for offering technical assist to United24, the initiative to gather donations in bitcoin and different digital belongings launched by the president of Ukraine in Might 2022, in collaboration with the nation’s Ministry of International Affairs.
The assertion goes additional, mentioning WhiteBIT’s participation in charity auctions that might have allowed the acquisition of drones for members of the Azov group, banned in Russia.
This designation of “undesirable” is a part of a rising listing of international organizations thought of by Russia as a menace to nationwide safety. Earlier circumstances, akin to that of Amnesty Worldwide in 2025, have demonstrated the scope and seriousness of those measures.
The Russian determination underscores rising geopolitical tensions and the position of bitcoin and cryptocurrencies within the battle between Russia and Ukraine. WhiteBIT, one of the crucial related exchanges on the continent, is predicated in Europe and of Ukrainian origin, working for greater than six years.
WhiteBIT’s view on bitcoin
WhiteBIT responded to the choice of the Russian Prosecutor Basic’s Workplace with an announcement noting that the transfer is a transparent affirmation of its constant pro-Ukrainian place. Nonetheless, the alternate has refused to function in Russia for the reason that begin of the large-scale invasion in February 2022.
In response to a request for remark from CriptoNoticias, the workforce behind the alternate added that it blocked all customers from Russia and Belarus and eradicated buying and selling pairs with the Russian ruble. This determination resulted within the lack of roughly 30% of its consumer base on the time.
The corporate admitted that it has maintained a pro-Ukrainian stance since signing a memorandum of cooperation with the Ministry of International Affairs of that nation in 2022. Underneath this settlement, WhiteBIT offered consular assist companies in international locations the place it has workplaces, supported the ministry’s Anti-Disaster Heart and a 24/7 helpline for Ukrainian residents overseas.
WhiteBit confirmed that it has facilitated cryptocurrency donations for Ukraine’s main charitable and humanitarian foundations. In complete, WhiteBIT and Whitepay have channeled greater than $160 million in cryptocurrency donations for humanitarian and protection causes.
The assertion particulars that WhiteBIT has immediately donated round $11 million, from its personal funds, through the 4 years of large-scale struggle to assist the Ukrainian protection forces and humanitarian initiatives for civilians.
Due to this, its founder Volodymyr Nosov has obtained nationwide recognition for his contribution, together with awards from the presidential initiative UNITED24, the Commander-in-Chief of the Armed Forces of Ukraine, the Safety Service and navy intelligence.
Regardless of the Russian sanctions and the preliminary impression on its enterprise, WhiteBIT notes that it has multiplied its quantity and worldwide presence greater than eight occasions since 2022. For all these causes, the designation as an undesirable group closes any risk of return to the Russian market and reinforces geopolitical polarization within the digital asset ecosystem.
Whereas Moscow sees WhiteBIT as a menace to its safety and capital management, the Ukrainian alternate reaffirms its dedication to Ukraine and to values that it considers non-negotiable. In a context of extended struggle and crossed sanctions, the case illustrates how cryptocurrency platforms turn into involuntary – or deliberate – actors within the battle.
