Russian Opposition Leader Raises $3 Million in Bitcoin Donations

Alexei Navalny, a politician believed by many to be President Vladimir Putin’s main opponent, has attracted more than591 BTC in donations over the last three years, worth about $3 million at current prices, public blockchain data shows. Navalny’s investigative center, the Anti-Corruption Foundation (FBK), regularly publishesexposés of government officials, including prime minister Dimitri Medvedevand attorney general Yuri Chaika. On Monday, an anonymous Telegram channel,“FBK Staffer’s Confession,” noted that the Navalny organization’s wallet receivedseveral large donations a few days before FBK published one such investigation, insinuating it was a paid hit piece.The claim was covered in Russian media, including thepro-Putin Tsargrad TV. When contacted by Russian news publication Znak, FBK’s chief of staff Leonid Volkov denied any connection between the transactions and its investigations, saying the anonymous blogger “dragged the non-existent facts together in by the head and shoulders.”
Volkov added:

“You can say that each timeEncke’s Comet approaches the Earth it coincides with a big war: 1914 (First World War), 1941 (World War II) and 2014 (War on Eastern Ukraine). But its rotation period is three years, and it approached the Earth many times when there were no big wars.”

Funding dissent
The Navalny wallet (3QzYvaRFY6bakFBW4YBRrzmwzTnfZcaA6E, listed on the donations page of his website) received its first bitcoin in December 2016 and since then has seen more than 2,000 transactions, including withdrawals, according to blockchain data. Most transactions were worth from a fraction of a bitcoin to several bitcoins. From time to time, larger transactions occurred, bringing in up to 20 BTC at once. Yet Navalny’s political movement, which also accepts donations via bank transfers and PayPal, is not the only dissenting voice in Russia to take cryptocurrency.