Chainalysis has reported that pro-Russian groups have raised over $8.3 million in cryptocurrency since 2022 to fund military drone procurement. These groups, including paramilitary volunteers, have utilized various blockchains to gather donations, with a notable shift from Bitcoin to stablecoins for their price stability. The "Scalpel" drone, developed by sanctioned Russian firm KB Vostok, is a key focus, with transactions matching its $2,200 price point.
The report also highlights Iran's involvement, with the Ministry of Defense Export Center promoting crypto payments for advanced weapons. A monitored wallet linked to Iran's Islamic Revolutionary Guard Corps and the Nobitex exchange was used for drone component purchases. During the June 2025 conflict between Iran and Israel, significant on-chain fund inflows to drone suppliers were observed.
Chainalysis: Pro-Russian Groups Raise $8.3M in Crypto for Drones
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