Home>BLOCKCHAIN>Russian ‘Ukraine Crypto Donor’ Faces Treason Trial

Russian ‘Ukraine Crypto Donor’ Faces Treason Trial

The FSB emblem on a building in Nizhny Novgorod, Russia.
Supply: irene_rebrova/Adobe

The Russian FSB, the nation’s intelligence service, has charged a man suspected of donating crypto to Ukraine’s military with excessive treason.

The person, named Alexander Vechirko (54), was arrested by the FSB (Federal Safety Service) in June this 12 months – and, following a a number of months-long investigation, has now been formally charged with “excessive treason.”

In April this 12 months, President Vladimir Putin signed a decree elevating the penalty for treason-related offenses to life imprisonment.

Per Tass, Vechirko was born within the Ukrainian metropolis of Vinnytsia, however is now a resident of the Khabarovsk Territory with Russian citizenship.

Vechirko is the primary Russian to be formally charged with sending crypto donations to the Armed Forces of Ukraine.

The Ukrainian army has been interesting for token donations from worldwide crypto holders since shortly after the beginning of the battle.

Legislation enforcement businesses confirmed that Moscow’s Lefortovo Courtroom additionally denied Vechirko bail, and dominated that he should stay in custody within the Lefortovo pre-trial detention heart for an additional three months forward of his trial.

The FSB believes that Vechirko “used cryptocurrency” to “make transfers of his private funds by way of third events residing in Ukraine.”

Russian FSB officers walk through a room.
Russian FSB officers. (Supply: Kimbichlich [CC BY-SA 4.0])

Will Russian Courtroom Convict ‘Ukraine Crypto Donor’ of Excessive Treason?

Vechirko was described as “an worker of Daltransugol,” a coal-producing firm that has been hit with a raft of Western-led sanctions.

The cash had been allegedly traced to “a [wallet] belonging to a overseas charitable basis” and had been allegedly used to “buy unmanned aerial autos, thermal imaging sights, ammunition, and medical uniforms.”

The FSB says it’s nonetheless its “operational search actions” and “investigation” into the case are ongoing, a suggestion that additional particulars concerning the donation stay unknown.

It’s important, nevertheless, that Vechirko has been transferred to Moscow to face costs – a suggestion, maybe, that the federal government intends to make an instance of him.

However Vechirko might not be the final Russian to face comparable crypto-related treason costs: Earlier this month, a notable social media influencer nicknamed Bitmama was arrested on fraud charges in Moscow.

Within the ensuing investigation, the influencer (actual title Valeria Fedyakina) was accused of stealing her clients’ money and sending it to Ukraine-based charities.

Fedyakina’s authorized crew denies that she despatched cash to the Ukrainian army, as a substitute claiming that she helps Russia’s “particular army operation” and really desires to donate funds to the Russian armed forces.

Earlier this 12 months, the mega-bank Sberbank claimed that over $5 million price of crypto had been despatched from Russian wallets to Ukraine-based recipients for the reason that begin of the battle.

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