Since the imposition of economic sanctions, cryptocurrencies have been used for alternative financial transactions and asset withdrawals, helping to circumvent restrictions imposed by the West. Given the alleged links of cryptocurrency to illegal activities and the alleged links of Russian oligarchs to criminal financial activities and assets, we can see that blockchain definitely has a connection to financing the war and supporting the regime (i.e., making the regime in Russia more flexible).

According to the findings of ScienceDirect, the drop in cryptocurrency values in 2022 was consistent with the need of cryptocurrency investors for additional liquidity in fiat currencies. This is not surprising, as up to 12% of Russians owned cryptocurrencies even before the war. There is a direct correlation between public attention to the war and the value of cryptocurrencies on the market. (Bitcoin alone lost over 60% of its value in 2022).

We can conclude that the entropy of public attention in the West to the war in Ukraine, and the disappearance of the war from the front pages of the world's leading media, allows Russia to win the war even in blockchain.