2 years ago
The Ukrainian authorities is seeking donations successful cryptocurrency arsenic the state seeks to repel the invasion by Russia.
The Bitcoin and Ethereum wallets listed by the authorities connected Twitter person already received astir $9.4 cardinal worthy of crypto successful total. The Ethereum wallet has received conscionable implicit $5.2 cardinal successful donations arsenic of 22:39 UTC. The Bitcoin wallet has received $4.2 cardinal arsenic of the aforesaid time, with immoderate of the bitcoin having already been sent out.
The authoritative Twitter accounts of the Ukrainian authorities and Vice Prime Minister Mykhailo Fedorov provided wallet addresses for donations of bitcoin (BTC), ether (ETH) and the stablecoin tether (USDT).
Funds were initially trickling into the listed addresses implicit fears the Ukrainian authorities relationship had been hacked. While Ethereum co-founder Vitalik Buterin expressed uncertainty arsenic to the veracity of the appeals, the tweets came from verified accounts. (Buterin aboriginal said the accounts were "legit" and he'd beryllium deleting his warning.)
Representatives for the Ukrainian authorities weren't instantly disposable for remark and the country's authoritative website appeared to beryllium down.
When this nonfiction was archetypal published, the wallets contained astir $435,000 successful crypto but conscionable implicit an hr later, the Bitcoin wallet contained astir $500,000 oregon 13 BTC, portion the Ethereum wallet had astir $3.6 cardinal oregon 1,090 ETH successful total. That whitethorn not beryllium the full donated, however, arsenic determination are indications that immoderate bitcoin has already been removed from the respective wallet.
This is not the archetypal lawsuit of utilizing cryptocurrencies to assistance Ukrainians successful their conflict against the Russian invasion. A integer wallet raising funds to enactment the Ukrainian service has received astir $6 cardinal successful bitcoin.
UPDATE (Feb. 28, 04:29 UTC): Updates the magnitude of full bitcoin and ethereum donations received to $9.4 million.
UPDATE (Feb. 26, 18:29 UTC): Updates the magnitude of full bitcoin and ethereum donations received to $3.6 million.
UPDATE (Feb. 26, 20:22 UTC): Second update connected the magnitude of crypto donated.
UPDATE (Feb. 26, 22:44 UTC): Updates magnitude of crypto donated successful header and assemblage of story.
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Kevin Reynolds is Editor successful Chief astatine CoinDesk. He owns bitcoin, ether, polygon and solana.
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