Russia is reportedly using the cryptocurrency Tether to evade Western sanctions and acquire weapons and drone components, as per reports from the Wall Street Journal. Transactions involving the purchase of weapons parts are said to be taking place in Hong Kong, with allegations of Tether being involved in a significant money laundering operation funding Russia's war efforts.
Actual News: Largest crypto company Tether fraud found to be operating massive $10/billion dollars a month money laundering operation funding Russia war. Coindesk Reporting; Look over there! Moew tokens! Up 14,000%! https://t.co/PiLe6o4rR9
Russia bypassing sanctions to buy weapons parts with crypto, transactions done in Hong Kong. https://t.co/pgW7FCYVqN
WSJ: Russia using cryptocurrency to avoid sanctions. A self-described Russian smuggler in China received a request from the manufacturer of the legendary AK-47 rifle. Russia’s largest maker of small arms, Kalashnikov Concern, needed electrical parts for drones that have been…
Today's Wall Street Journal writes that Russia is using cryptocurrency to circumvent sanctions and purchase components for weapons. https://t.co/NA256Vu5IR
⚡WSJ: Russia using cryptocurrency to avoid sanctions. Russian smugglers are using the cryptocurrency tether to circumvent Western sanctions and purchase weapons and drone parts, the Wall Street Journal (WSJ) reported on April 1. https://t.co/wHWYRotvEG