Crypto Donations Pour in After Ukraine Government Asks for Bitcoin and Ether — $17 Million Raised so Far

Ukraine has raised much than $17 cardinal successful cryptocurrency donations since Russia began its invasion. Over $10 cardinal were donated straight to the crypto wallets posted by the Ukrainian authorities astir 24 hours aft the authorities solicited donations successful bitcoin, ether, and tether.

Crypto Community Responds to Ukrainian Government’s Plea for Cryptocurrency Donations

The Ukrainian authorities began soliciting cryptocurrency donations Saturday morning. The authoritative Twitter relationship for Ukraine tweeted: “Stand with the radical of Ukraine. Now accepting cryptocurrency donations. Bitcoin, ethereum, and USDT.” The tweet besides includes a BTC code and an code for ETH and USDT donations. Mykhailo Fedorov, vice premier curate of Ukraine, besides tweeted a akin message.

Following the Ukrainian government’s solicitation of crypto donations, blockchain information analytics steadfast Elliptic said Sunday:

The Ukrainian authorities and NGOs providing enactment to the subject person raised $17.2 cardinal done thousands of cryptocurrency donations since the commencement of the invasion.

“Twitter accounts belonging to the Ukrainian authorities person posted pleas for cryptocurrency donations. The addresses mentioned successful the tweets person already received $10.6 cardinal crossed 13,670 transactions,” Elliptic detailed. “This includes a azygous donation worthy $1.86 million, which appears to person originated from the merchantability of NFTs [non-fungible tokens] primitively intended to rise funds for Julian Assange.”

The blockchain analytics steadfast continued:

The bulk of donations received to day person been successful bitcoin and ether, though US dollar stablecoins lend a important proportion.

A illustration showing which cryptocurrencies person been donated to the Ukrainian authorities and nonprofit organizations supporting the Ukrainian military. Source: Elliptic

Elliptic further pointed retired that crypto supporters are not conscionable donating cryptocurrencies to the Ukrainian government. “People are besides sending NFTs to the Ukrainian government’s Ethereum account. One specified NFT has a worth of astir $300,” the steadfast wrote.

Olexander Scherba, Ukraine’s ambassador to Austria betwixt 2014 and 2021, commented connected the Ukrainian authorities soliciting crypto donations. He tweeted:

To those who privation to assistance successful bitcoin. Bitcoin is officially legit successful Ukraine.

Besides donations to the Ukrainian government, 1 non-governmental enactment (NGO) has received a important magnitude of cryptocurrency donations. Bitcoin.com News reported Friday that “Come Back Alive” had raised more than $5 cardinal successful bitcoin. At the clip of writing, the enactment has received 170.05722596 BTC, worthy astir $6.6 cardinal astatine the existent bitcoin price.

What bash you deliberation astir the Ukrainian authorities asking for crypto donations? Let america cognize successful the comments conception below.

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