The fifth largest Ethereum mining pool, Flexpool, has announced that it will no longer offer its services to customers in Russia.
The decision came due to the mining complex’s opposition to Putin’s military operation and its expression of solidarity with Ukraine.
Flexpool became the first company in its field to stop its endeavors on Russian soil.
This comes a day after the largest country in terms of geographical area sent military forces to Ukraine.
Flexpool said in a statement that they usually stay away from politics, but in this case, there is war, and necessary measures must be taken. The statement also stated:
We generally do not get involved in politics despite our personal opinions as a company.
However, there is greater than politics, greater than anything else.
This is a war that could destroy the world.
It certainly ends the lives of many innocent people in Eastern Europe.
The mining pool revealed that affected users will receive gifted credits.
The statement added:
The mining pool is open to welcoming back Russian users once the dispute is resolved.
We apologize to the Russian miners, many of you do not support the war.
However, you are the ones who evaluate your nation.
Without the people, Russia cannot function.
Flexpool has become the first organization in the crypto industry to publicly offer its support to Ukraine.
She stressed that companies and individuals need to put the current affairs in mind and intervene positively at the expense of profits.
Another mining pool that has shown solidarity with Ukraine is Hiveon.
Arguably the most famous person in the crypto space to publicly stand by Ukraine is Ethereum co-founder Vitalik Buterin.
The Russian-born programmer described Putin’s actions as a crime against the Ukrainian and Russian peoples.
Thus, the crypto industry continues to be affected by the geopolitical events that are taking place around it.
After the significant decline in its value…Can Bitcoin still be considered a safe haven?
Will Russia switch to cryptocurrency if SWIFT services are cut off?