Pro-Putin political alliance denies alleged crypto fundraising for Iran aid

Source
JH Kim

Summary

  • The All-Russia People's Front said it denies allegations of virtual-asset (cryptocurrency) fundraising for humanitarian assistance to Iran.
  • The All-Russia People's Front said all virtual-asset fundraising activities are fake and that it does not use virtual assets for fundraising.
  • It said a crypto donation request document containing wallet addresses for Bitcoin (BTC), Ethereum (ETH) and XRP (XRP) has reportedly spread mainly on Telegram.

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The pro-Putin political alliance All-Russia People's Front has denied allegations that it raised funds in virtual assets (cryptocurrencies) for humanitarian assistance to Iran.

According to a report on the 9th (local time) by crypto-focused media outlet DL News, the All-Russia People's Front said, "All virtual-asset fundraising conducted in our name is fake," adding, "We do not use virtual assets for fundraising."

It further explained that "official sponsorship supports only bank transfers via a dedicated website."

Reports say a document requesting crypto donations using the All-Russia People's Front logo and name has recently spread mainly on Telegram. The document reportedly included wallet addresses for Bitcoin (BTC), Ethereum (ETH) and XRP (XRP).

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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