According to Chainalysis, a mysterious bitcoiner has weaponized the Bitcoin Blockchain against the Russian State by exposing hundreds wallets that were allegedly held in the possession of security agencies.

Chainalysis, a company that works closely with U.S. authorities, revealed in a CoinDesk post that the unknown individual had used a feature of the Bitcoin blockchain to identify 986 wallets under the control of the Foreign Military Intelligence Agency, Foreign Intelligence Service, and Federal Security Service. The vigilante accuses the wallets in Russian of hacking.

CoinDesk has not received a response from the three agencies regarding the allegations. It’s clearer that the individual in question took control of some of the addresses which they claim to be Russian, either through hacking or (if the claims are believed) by an inside job.

Allegations made in the weeks leading up to Russia’s unprovoked invasion of Ukraine in February 2022, these allegations add a crypto twist to a conflict which already has plenty. Ukraine’s government used crypto to raise millions of dollars in war funds. Chainalysis found that some of the wallets linked to Russia were sending money to Ukraine.

Chainalysis, which supports the anonymous bitcoiner’s claims, says that at least three of these alleged Russian wallet addresses were linked to Russia before by third parties. Two were said to have been involved in the Solarwinds attacks and a third was paid for servers that were used in Russia’s 2016 disinformation campaign.

Chainalysis said that the bitcoiner’s spending habits also suggested they were serious in their claims. The bitcoiner destroyed more than $300,000 in bitcoins while describing his or her allegations to the Blockchain – much more than was necessary to use the Bitcoin blockchain’s OP_RETURN section.

In a press statement, Chainalysis stated that “the fact that the OP_RETURN senter was willing and able burn hundreds of thousands dollars worth of bitcoin to spread their message increases our belief that their information is correct.”

The sender stopped writing the messages after Russia invaded Ukraine. Later, they resumed the activity by sending bitcoins linked to Russia to Ukrainian aid addresses.

According to the claims, addresses and bitcoins they contain, are off limits from a security perspective. Chainalysis said

It’s possible that the OP_RETURN senter obtained private keys to Russian addresses. This suggests that Putin’s crypto operations may not be secure.

Nikhilesh De.