What Palantir and Private Cryptocurrency Firms Prefer You Remain Uninformed About

From the development of ballistic missiles in North Korea to weapon circulating supply chains in Russia, Palantir and Bitcoin ▲2.22% have emerged as contemporary instruments of warfare.

Once lauded as a means to achieve economic independence, it has shifted to become a financing source for sanctioned nations and militant organizations acting beyond global supervision.

“Approximately 40% of the illicitly obtained cryptocurrency is allocated to the creation of ballistic missiles,” – An insider comment on North Korea’s Lazarus Group

The same decentralized systems facilitating donations to activists also funnel funds for nuclear advancement, drone acquisitions, and other military innovations. And we haven’t even touched on Palantir yet; here’s what you need to be aware of:

North Korea, Ukraine, Russia, and Hamas in the Cryptocurrency Landscape

In recent years, North Korea’s Lazarus Group has pilfered billions from exchanges, including a staggering $1.5 billion theft from ByBit. Intelligence sources indicate that a significant portion of illicit crypto funding is funneled into North Korea’s nuclear arsenal.

Similarly, the situation in Ukraine has reflected these trends. In 2022, the government leveraged digital currencies, raising millions for combat supplies, helmets, body armor, and rifle optics. Currently, Arkham Intelligence identifies merely 0.133 BTC in Ukraine’s transparent wallets, raising concerns about the remainder of the funds.

Russia has also resorted to digital currency as a workaround for imposed sanctions, utilizing it to support segments of its military operations. Chainalysis data connects numerous sanctioned entities to direct crypto asset collections for drones, armaments, and protective gear. Hamas has made appeals for cryptocurrency as well, with U.S. authorities actively confiscating these assets under anti-terrorism financing laws.

Palantir and the Defense-Tech-Crypto Connection

Now, onto the particularly unsettling aspect. Palantir is the tech firm that commandeered the Patriot Act, the program enacted to surveil Americans after the September 11 attacks. This initiative has been so dystopian that its co-founder, Peter Thiel, has had to publicly assert himself as not being the antichrist during interviews.

For over a decade, Palantir Technologies has been engaged in global protection endeavors, from counterterrorism initiatives in the Middle East to providing intelligence support in Ukraine.

The company began accepting Bitcoin for transactions in 2021, but has not retained any on its financial statements. Thiel has sparked speculations about the company potentially making a more significant investment in digital currencies, particularly as funding for battle initiatives increasingly shifts towards decentralized networks.

Peter Thiel predicting crypto asset, stablecoins, RWAs, and Decentralized finance interoperability — in 1999!

Sadly, the one area where he is mistaken is believing that the funding would remain private.

Privacy in digital currency is the next challenge. pic.twitter.com/OwmjJ3SD21

— mert | helius.dev (@0xMert_) June 28, 2025

With its $10 billion contract with the U.S. Army and an expanding role in defense strategy, Palantir occupies a crucial position at the intersection of military intelligence and developing financial systems.

As things stand, warfare is set to become increasingly technological and less intimate. Whether this is beneficial or alarming remains to be seen.

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