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Mueller Report: Russia used Bitcoin to fund US election interference operations

US special prosecutor, Robert Mueller, has published a report, which sheds more light on the results of the investigation of Russia’s interference in the US elections. According to the Mueller report, Russian intelligence services used Bitcoin cryptocurrency to finance their operations.

Mueller’s report reveals that Russian Federation’s Main Intelligence Directorate of the General Staff (GRU) hacked Hilary Clinton’s postal addresses and distributed compromising materials. To finance these operations, Russian intelligence services allegedly have mined Bitcoins, which they used to buy the equipment necessary for hacking, and also sponsored other alleged U.S. election-interference operations.

According to Mueller, the attacks from the Russian special services and the further dissemination of confidential information negatively affected the presidential election campaign of Clinton, in which Donald Trump won back in 2016.

The Mueller report says that for conducting financial transactions with Bitcoin, the Russian special services used the UK-based cryptocurrency exchange CEX.io. They allegedly managed to circumvent such verification measures as AML and KYC. Bitcoins stored on this exchange were used to purchase the domain dcleaks.com.

“■■■■■■■■■■■■ kept its newly mined coins in an account on the bitcoin exchange platform CEX.io. To make purchases, the GRU routed funds into other accounts through transactions designed to obscure the source of funds,” the official Mueller report reads.

Mueller-report-bitcoin

After reviewing the Mueller report, US Treasury Secretary Steven Mnuchin noted that cryptocurrency makes it much easier to commit financial crimes than in the case of fiat money. Based on this, he promised to consider this problem in more detail. This may mean that the regulation of cryptocurrency in the United States may soon become even tougher than it is now.

Despite the fact that the report was prepared by a high-ranking official, there is still no direct evidence of Russia’s interference in the US presidential election. The publication of this report can only lead to a tightening of the regulatory loop on the neck of digital currencies.

About Mantas Malukas

Mantas is the founder of Dapp Life, crypto investor and an online entrepreneur who has professionally immersed in digital publishing and development for over a decade.

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