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Vitalik Buterin Explains How Crypto Can Save Russia

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Vitalik Buterin Explains How Crypto Can Save Russia

Ethereum co-founder Vitalik Buterin has condemned Russia’s invasion of Ukraine as “criminal aggression.” He advocates applying crypto-inspired governance principles to transform Russia’s political system.

His remarks, published ahead of the fourth anniversary of the invasion on February 24, 2026, link blockchain concepts to the long-term security of Europe and Ukraine.

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Vitalik Buterin Condemns Aggression Amid Support for Ukraine

The Russo-Canadian innovator directly rejected narratives that frame the conflict as morally ambiguous. He emphasized that Russia’s invasion of Ukraine cannot be justified.

Drawing on his Russian heritage and Canadian upbringing, he highlighted the dramatic contrast between:

  • Ukraine’s institutional improvements over the past decade and
  • Russia’s escalating repression, imperial ambitions, and military aggression.

“Ukraine needs a lot of help — to continue defending itself and to minimize human suffering from attacks on residential buildings, the energy system, etc.,” Buterin wrote, urging sustained international support to protect civilians and maintain Ukraine’s defense capabilities.

Buterin also criticized Western narratives that downplay Russian responsibility, asserting that Moscow’s leadership currently lacks incentive to pursue peace.

Based on this, he suggests that only continued military and economic pressure could compel meaningful negotiations.

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Applying Crypto Principles to Political Reform

Drawing parallels from his experience in Ethereum and blockchain governance, Buterin proposed that long-term reform in Russia could benefit from:

  • Decentralized governance
  • Quadratic voting, and
  • Digital democracy

These mechanisms, already explored in crypto ecosystems, are designed to spread power, prevent authoritarian consolidation, and allow citizens to influence decisions proportionally.

“The goal is to build a country that, when the objective is improving people’s lives, will be maximally strong, but when the goal is oppressing minorities or aggression against neighbors, will be maximally uncoordinated and weak,” he explained.

Buterin emphasized that decentralization is not merely a conceptual exercise; it could guide real-world political transitions.

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Systems like https://pol.is, which enable large-scale consensus-building and public deliberation, could help identify shared priorities among citizens and inform policy without relying solely on traditional hierarchical structures.

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The remarks come only weeks after internet providers began blocking access at the network level, barring several crypto news sites on Russian home internet connections.

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Vision for a “Beautiful Russia of the Future”

Nonetheless, beyond immediate conflict resolution, Buterin argued that European and Ukrainian security depends on fundamentally transforming Russia.

He envisioned a state in which internal governance structures prioritize public welfare and economic prosperity over military aggression, thereby reducing the likelihood of future conflicts.

Buterin stressed that this transformation requires new leadership and novel ideas within Russia’s political opposition.

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Drawing lessons from crypto, he noted that entrenched systems rarely yield progress without fresh strategies, experimentation, and inclusive participation. He framed this approach as a two-step process:

  • First, Ukraine must receive every possible form of support to weaken the Russian military and compel a ceasefire.
  • Second, after Putin, the focus should shift to empowering moderate factions in Russia willing to adopt reform, peace, and decentralized governance principles.

Buterin’s proposal reflects a growing intersection between technological governance models and international politics.

While blockchain-inspired methods have been tested primarily in digital networks, applying these concepts to national governance represents a radical, untested approach.

Nonetheless, the Ethereum co-founder’s perspective offers a novel lens on conflict resolution and state-building. It suggests that beyond diplomacy or military pressure, systemic innovation may be essential for lasting peace.

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Crypto World

Drift Protocol Warns of Potential Cybersecurity Exploit

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Cybercrime, Cybersecurity, Hacks, Decentralized Exchange

Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved.

The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue. 

In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended. 

Cybercrime, Cybersecurity, Hacks, Decentralized Exchange
Source: Drift Protocol

Blockchain cybersecurity threat researcher Vladimir S said the exploit was likely due to a crypto wallet private key leak, and the total funds lost in the incident could be as high as $200 million. 

“Admin signer was compromised, or whoever controls it intentionally executed these changes,” he said

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The stolen assets include wrapped versions of Bitcoin (BTC), Jito (JTO), the Fartcoin (FRT) memecoin, other altcoins, and various dollar, euro, and Japanese yen stablecoins, which have since been transferred to multiple wallets, according to Vladimir S.

Cybercrime, Cybersecurity, Hacks, Decentralized Exchange
Source: Vladimir S

The exploiter started converting the stolen assets to the USDC (USDC) stablecoin, bridging the funds to the Ethereum network and purchasing Ether (ETH), according to Solana treasury company DeFi Development Corp.

Cointelegraph reached out to Drift Protocol but did not receive an immediate response by the time of publication. 

Cybersecurity exploits and hacks were responsible for $49 million in crypto losses during February, a sharp decrease from January, but a reflection of the ongoing security threats users and platforms face.

Related: Resolv temporarily halts protocol to ‘contain the impact’ of 80M USR exploit

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Drift token impacted by the exploit

The price of the Drift (DRIFT) token briefly reached $0.68 on Wednesday, but fell by about 18% following news of the exploit, according to data from CoinMarketCap.

Cybercrime, Cybersecurity, Hacks, Decentralized Exchange
Drift token falls after news of the exploit. Source: CoinMarketCap

About 83% of the native crypto tokens of hacked platforms never recover to pre-hack prices, according to blockchain security company Immunefi. 

“The stolen funds are only the first layer of damage,” Immunefi CEO Mitchell Amador told Cointelegraph in March.

“What follows is often more destructive: sustained token price suppression, reduced treasury capacity, leadership disruption, lost development time, and erosion of user trust,” he added. 

Magazine: WazirX hackers prepped 8 days before attack, swindlers fake fiat for USDT: Asia Express

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