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The Guardian - UK

Politics

Tom Burgis

Cryptocurrency backed by Farage donor is used for Russian war effort, investigators say

Tether Christopher Harborne Tor United States NCA Nigel Farage Crypto Cryptocurrency Russia Boris Johnson

Nigel Farage speaks into the microphone while sitting on a sofa at a bitcoin conference — Nigel Farage speaks at a bitcoin conference in Las Vegas in May. Photograph: Ian Maule/Getty Images

A cryptocurrency backed by one of Nigel Farage’s biggest donors has been used to help Russia fight its war against Ukraine, British investigators say.

The National Crime Agency has spent four years trying to crack a multibillion-dollar scheme that exchanges cash from drug and gun sales in the UK for crypto, digital tokens that are designed to hide their users’ identities.

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