Russia's Prosecutor General's Office has added the cryptocurrency exchange WhiteBIT and related structures of W Group to its list of undesirable organizations.

Prosecutor General’s announcement

The Prosecutor General's Office announced that authorities placed WhiteBIT and associated entities on the undesirable list, citing alleged misuse of the platform for illicit fund withdrawals.

Officials claimed the exchange was involved in schemes facilitating unlawful financial activity and other forms of wrongdoing, according to the statement from the office.

Connection to support for Ukraine

The decision was additionally linked to the platform's reported support for Ukraine following the full-scale invasion, including financial donations and cooperation with Ukrainian authorities.

Prosecutors noted that these activities formed part of the rationale for designating the exchange and related structures as undesirable under Russian law.

Potential legal and operational impact

The undesirable designation typically triggers restrictions under domestic legislation and may limit the entities' ability to operate or engage with Russian residents and services.

Authorities did not provide a timeline for enforcement measures in the announcement; details about immediate effects on user accounts and assets remain unspecified.