Overview
- The General Prosecutor’s Office said the decision covers WhiteBit and affiliated W Group entities, making their activities illegal to support in Russia and enabling domestic restrictions.
- Officials alleged the platform is used by exchanges and exchangers for “gray schemes” to move money out of Russia and for other unlawful transactions.
- Prosecutors claimed WhiteBit leadership transferred about $11 million to Ukrainian recipients in 2022, including $900,000 for drone systems.
- The announcement cited the exchange’s technical support for United24, a Ukrainian government‑backed fundraising platform operating since May 2022.
- Authorities said executives also participate in charity auctions whose proceeds fund drones for Ukrainian fighters, including members of the Azov group, which is banned in Russia.