Crypto Donations to Ukraine Jump to $20M

2 years ago

The Ukraine government’s telephone for donations to defy the Russian penetration and supply assistance to those affected has been embraced by the crypto assemblage with astir $20 cardinal raised successful ether and bitcoin.

  • Earlier connected Monday, the donation fig deed the $10 cardinal mark, but a important uptick successful donations during the time drove the fig past $20 million, according to on-chain information reviewed by Elliptic.

  • On Monday, Binance announced it would donate $10 cardinal crypto to the effort and launched a crowdfunding portal to promote its users to donate more.

  • According to on-chain data, implicit $6 cardinal has been received successful the effort’s Ethereum wallet.

  • That includes $1.1 cardinal successful tether and $109,000 successful USDC.

  • Data shows that Ukraine is holding the crypto successful a ERC-20 wallet and hasn’t made a withdrawal.

  • Ukraine’s Bitcoin wallet has received $4.2 million. The state has already withdrawn $2.9 cardinal of that amount.

  • A separate wallet for donations to the Ukraine army, tally by the foundation Come Back Alive, has raised $6 cardinal since its inception successful mid-2021.

UPDATE (Feb. 28, 13:01 UTC): Updates donation fig throughout, adds Binance's donation successful 2nd bullet.

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