By Nathan Ferguson
Ukraine is discovering additional means to hinder Russia’s ambush on it by grabbing the crypto wallets of the government officials. The authorities of Ukraine are trying to be sharper in crypto operations as the Russian officials may expectedly transfer their funds to the digital assets to protect themselves from the mounting attempts of the United States as well as the allies thereof in pushing back the country.
Even though Russia has waged war against Ukraine, the former does not seem to be most effective in utilizing the digital methods as compared to the latter. Ukraine shows adequate preparation in this matter, as it confronts the recent malicious invasion of Russia.
Despite having remarkable military capacity, the country is presently compelled on taking measures to target the political figures of Russia by aggressively acquiring information regarding the digital wallets that are possessed by them.
Ukraine provides rewards for information on crypto wallets
It was declared by Mykhailo Fedorov (Vice Prime Minister of Ukraine) that the crypto community of the country will provide a bounty to the people giving information regarding the respective crypto wallets of the prominent political personnel of Russia.
The government of the country has in advance started disseminating crypto donations through social media along with having advertised across the online hacking platforms to obtain help in preventing the cyberattacks. Federov additionally pointed out that an IT-based army is being built by Ukraine.
The policy of Russia for fighting adversaries with utilizing digital assets as well as online methods has been utilized for a considerable period, and Ukraine expects that they might get the opposite results by doing this.
Sanctions are included in the most powerful actions to be taken on the behalf of the US as well as the Western allies thereof to impact the behavior of the others. In this respect, the reward is specified for all the individuals who have the information regarding the crypto wallets in the possession of Belarusian as well as Russian politicians as it can turn out to be a much influential tool.
Reward to be recompensed through private donors
As per a Ukrainian attorney who is leading the respective project, Artem Afian, the bounty over the information of the crypto wallets will be recompensed in private donations instead of being provided on the behalf of the government of Ukraine. The cumulative amount allocated for this purpose up till now was not revealed by Afian, nonetheless, he stated that BTC (Bitcoin) and ETH (Ether) along with the rest of cryptocurrencies would be utilized for this purpose.