WhiteBIT Exchange Declared 'Undesirable' by Russia for Supporting Ukraine Military

The Russian Prosecutor General's Office has officially designated the cryptocurrency exchange WhiteBIT as an "undesirable organization." This legal action is a direct response to the platform's financial support for the Ukrainian military. As a major crypto exchange serving Eastern Europe, WhiteBIT now faces significant operational restrictions within Russia. The "undesirable" label effectively bans any cooperation or activities with the exchange for Russian citizens and organizations, potentially blocking access to its services. This move highlights the escalating use of regulatory measures in the crypto space amid geopolitical tensions, targeting entities that provide aid to Ukraine. The decision could impact WhiteBIT's user base and influence market perceptions of exchanges with clear geopolitical alignments.