🇷🇺❌ The Russian Federation recognized the cryptocurrency exchange WhiteBIT as an "undesirable organization"

The General Prosecutor's Office of the Russian Federation has officially included the cryptocurrency exchange WhiteBIT in the list of "undesirable" organizations. The decision affects not only the platform itself but also all affiliated structures within the W Group.

📌 What was the reason?

The agency stated that the exchange is allegedly used for:

— "gray" schemes for withdrawing funds from Russia

— transactions through cryptocurrency exchanges

— other "illegal activities"

But the key point is support for Ukraine 🇺🇦

💙💛 According to the Russian prosecutor's office:

— since 2022, WhiteBIT has transferred about $11 million

— $900,000 was allocated for the purchase of UAVs for the Armed Forces of Ukraine

— the exchange collaborates with the Ministry of Foreign Affairs of Ukraine

🔎 In practice, WhiteBIT is indeed actively helping Ukraine:

— participates in fundraising

— supports crypto donations

— provides infrastructure to assist the army and humanitarian initiatives

⚠️ What does this mean for users from the Russian Federation?

— risks of blocking

— possible access restrictions

— increased attention from regulators