Slush revokes €1 million prize from Russian founded-startup after international outcry

November 22, 2022

Yesterday Immigram, a UK-based but Russian-founded tech immigration platform, opted out from the Slush competition, just a couple of days after winning the first prize.  Almost simultaneously, Slush formally revoked the win “in light of new information on the extent of [Immigram’s] operations in Russia.” The attribution of the Slush prize to a Russian-founded startup had shocked a number of …

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Luxoft opens development centre in Serbia, Yandex to follow

November 23, 2022

International software company Luxoft opened a development centre in Serbia on November 18, and announced plans to double its headcount in the country. The following day, Russia’s Yandex unveiled plans to open its own development centre in Serbia.  Serbia has benefited from the arrival of thousands of Russian tech professionals, who left their own country …

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How Russian neo-Nazi paramilitary fighters steal cryptocurrency through Ukrainian charity sites — and use it to fund the war

November 22, 2022

The paramilitary group Rusich is one of multiple Russian far-right and neo-Nazi organizations that have fought in the war in Ukraine. Because it’s not an official part of the Russian Armed Forces, Rusich has had to find alternative ways of funding its members’ military equipment and medical needs — and has found the perfect solution in cryptocurrency.  Meduza special correspondent …

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Russian-founded tech migration platform wins €1 million at Slush, spurring controversy over solidarity with Ukraine

November 22, 2022

Immigram, a UK-based tech immigration platform, has won first prize at Slush, Helsinki’s yearly top tech event.  The Russian-founded startup will receive €1 million in investment coming from top global investors including Accel, General Catalyst, Lightspeed, NEA and Northzone.  Immigram had raised half a million just six months ago, earning trust from Joint Journey and Xploration …

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How the war on Ukraine is reshaping Russia’s digital underground

November 22, 2022

At the beginning of the February invasion of Ukraine, there was widespread fear that cybercrime would be weaponized against Western organizations, especially given earlier examples of the Russian security services tolerating cybercriminals targeting the West (or even trying to recruit them for service). The US-Russian dialogue on cybercrime, which reportedly led to the arrest of …

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Skolkovo opens representative office in India

November 21, 2022

As Russia is actively seeking alternative technological partners to circumvent western sanctions, Skolkovo, a major Russian tech hub, is opening a representative office in New Delhi, India. The office will help Indian companies and Skolkovo startups develop cooperation, promote Skolkovo’s international services, organize visits, business events, consultations, as well as educational and research programs.  It …

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Ukrainian hacker group Hdr0: “We aim to destroy Russian supply lines so that Russians can feel the war for themselves”

November 2, 2022

In mid-September, the Ukrainian hacker group Hdr0 attacked the website of Mosoblenergo, a Russian state energy service provider. The hackers put on the home page a picture of Oleksiy Danilov, a high-ranking Ukrainian defense official, walking on the Red Square while the Kremlin was on fire. The hackers also obtained the database of company employees.  …

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Dutch high-tech sector unconsciously supplies technology to Russia

October 30, 2022

Dutch high-tech companies unknowingly sell their technology to firms founded by the Russian military intelligence service. A spokesperson for the Ministry of Defense confirms this after statements about this by Jan Swillens, head of the Military Intelligence and Security Service (MIVD). He warns in the FD that the Dutch high-tech sector is unwittingly supplying crucial …

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Naspers sells Russian classifieds giant Avito to Russian investor

October 31, 2022

Naspers affiliate Prosus has sold Avito, the Russian classifieds giant, for 151 billion rubles ($2.46 billion at the current exchange), to Kismet Capital Group. The transaction, which was announced in mid-October, was closed earlier this week, reported news agencies. A consortium of banks, headed by Russian Agricultural Bank, organized financing for the transaction, Kismet said.  Avito was valued at $3.85 …

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Russian IT specialist hides in the forest to escape draft order

October 26, 2022

Vladimir Putin’s September 21 mobilization announcement sparked a massive new wave of emigration out of Russia; in early October, Forbes Russia reported that roughly 700,000 people had left the country in the previous two weeks (the Kremlin has denied that the real number is that high). Other potential conscripts, unable or unwilling to leave the country altogether, have gone …

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Bitcoin mining revenue in Russia grew 18 times in 4 years before “worst quarter”

October 26, 2022

The revenue from bitcoin mining in Russia has increased 18 times between 2017 and 2021, according to a new report by computing hardware distributer Intelion Data Systems, quoted by RBC Crypto. During the period, the total grew from 7 billion rubles in first studied year (below $114 million, at current exchange rates) to 128 billion …

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Russian anti-Putin hackers claim massive attack on government contractors computers

October 29, 2022

The National Republican Army (NRA) of Russia is seeking the overthrow of Vladimir Putin’s regime, including via the use of violent means. On Oct. 17, in perhaps one of the largest IT-security breaches in Russian history, NRA-affiliates told Kyiv Post that they had hacked several major Russian technology firms that are currently providing services critical to the …

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