Russia has announced crypto exchange WhiteBIT as undesirable, with immediate effect barring the platform from operating in the Russia over support for Ukraine's military.

WhiteBIT said on its website that it has donated over $11 million to support the Ukrainian army and civilian population.

Both Russia and Ukraine are going after the crypto - In July 2025, Ukrainian authorities imposed a new package of sanctions targeting Russian financial and crypto schemes, blacklisting 60 legal entities and 73 Russian nationals linked to sanctions evasion and military financing.

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