1 year ago
Claims that Ukraine has invested subject assistance into the bankrupt crypto speech FTX person been rebutted by a typical of the Ukrainian government. Speculation circulated connected societal media suggested specified funds person been returning to the U.S. via FTX donations for the Democratic Party.
Kyiv Official Describes arsenic Nonsense Allegation That Ukrainian Investment successful FTX Funded Democrats
Deputy Minister of Digital Transformation of Ukraine, Oleksandr (Alex) Bornyakov, has rejected claims that wealth sent successful enactment of his war-torn federation has been invested successful FTX, 1 of the largest cryptocurrency exchanges which is presently successful bankruptcy proceedings.
The rumors dispersed connected societal media past week with immoderate commenters linking the alleged concern successful FTX to donations made by the troubled coin trading level to the Democratic Party successful the United States.
#BREAKING ⚡️🇺🇦UKRAINE “MILITARY AID” FROM USA – WAS INVESTED IN CRYPTO “FTX” BY UKRAINE!
— UKR REPORT (@UKR_Report) November 12, 2022
Since the opening of the Russian subject penetration successful precocious February, the Ukrainian authorities and unpaid organizations person relied heavy connected overseas assistance to money their defence and humanitarian efforts. Millions of dollars person been raised done cryptocurrency donations.
A dedicated portal, Aid For Ukraine, was launched successful March to cod integer funds. According to its website and Twitter account, much than $60 million, a fig announced successful May, successful assorted integer currencies person been received, including implicit 600 BTC, 10,000 ETH, and 15 cardinal USDT. The existent equilibrium of the BTC code provided by the inaugural is simply a small implicit 0.08 BTC.
The instauration had 3 main crypto partners: staking work supplier Everstake, FTX, and the Ukrainian cryptocurrency speech Kuna. FTX was employed to person the donated integer assets into fiat currency, Bornyakov explained successful a tweet posted connected Monday. He besides said the “whole communicative … is nonsense.”
A fundraising crypto instauration @_AidForUkraine utilized @FTX_Official to person crypto donations into fiat successful March. Ukraine’s gov ne'er invested immoderate funds into FTX. The full communicative that Ukraine allegedly invested successful FTX, who donated wealth to Democrats is nonsense, frankly 🤦♂️
— Alex Bornyakov (@abornyakov) November 14, 2022
Aid For Ukraine’s latest study connected however the wealth is being spent, published successful July, shows that a ample information of the raised cryptocurrency was utilized to get subject equipment, including firearm scopes and thermal imagers, vigor connection kits, armor vests and helmets, different covering and tract rations, arsenic good arsenic fuel. A planetary anti-war media run has been funded with implicit $5 million.
Studies conducted by blockchain analytics firms Chainalysis and TRM Labs revealed that pro-Russia groups person been besides accepting donations done crypto exchanges and managed to rise millions of dollars successful integer coins utilized to enactment the Russian broadside successful the subject conflict.
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What are your thoughts connected the alleged Ukrainian concern successful crypto speech FTX? Tell america successful the comments conception below.
Lubomir Tassev
Lubomir Tassev is simply a writer from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, alternatively than what I do.” Besides crypto, blockchain and fintech, planetary authorities and economics are 2 different sources of inspiration.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Alex Bornyakov. Source: Twitter, @abornyakov
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