Crypto Donations to Ukraine Near $10M

Crypto Donations to Ukraine Near $10M

Crypto Donations to Ukraine Near $10M

The Ukraine government’s call for donations to resist the Russian invasion and provide aid to those affected has been enthusiastically embraced by the crypto community with nearly $10 million raised in ether and bitcoin.

  • According to on-chain veri, $5.2 million has been received in the effort’s Ethereum wallet.
  • This includes $1.1 million in Tether and $109,000 in USDC.
  • On-chain veri shows that FTX founder Sam Bankman-Fried donated $250,000 in Tether and CEO Deepak Thapliyal donated 100 ether (approximately $277,000).
  • Data shows that Ukraine is currently holding the crypto in the ERC20 wallet and hasn’t made a withdrawal.
  • Ukraine’s Bitcoin wallet has received $4.2 million. The country has already withdrawn $2.9 million of this.
  • Over the weekend Russian arka collective Pussy Riot helped form a DAO that raised $3 million in ether for the war effort and humanitarian relief.
  • A separate wallet for donations to the Ukraine army, run by the charity Come Back Alive, has raised $6 million since its inception in mid-2021.
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