Over $10 Million Worth of Cryptocurrency Raised For Ukraine Government

February 28, 2022 3:10 am

Cryptocurrency is being used in a big way in Ukraine.

Multiple reports have revealed that over $10 million worth of cryptocurrency has been sent to the government of Ukraine in an effort to crowdfund for weapons and medical supplies after the country was invaded by Russia.

Most of the donations came in the form of Bitcoin, Tron, Eth, and other alt-coins.

As of right now fighting in Ukraine is continuing and yesterday President Putin declared for his nuclear deterrence forces on high alert.

The official Twitter account of Ukraine has even tweeted their addresses:

CNBC Had more details to share:

Ukraine’s government has raised more than $10 million in cryptocurrency donations, turning to an unlikely crowdfunding method to help it get through a brutal invasion from Russia.

The official Twitter account of the Ukrainian government on Saturday posted addresses for two crypto wallets, one accepting only bitcoin and the other taking ether and tether, a token that tracks the value of the U.S. dollar.

As of Sunday, those wallets have attracted $10.2 million worth of crypto, according to research from blockchain analytics firm Elliptic. That’s on top of the millions in digital currency donated to nongovernmental organizations supporting the Ukrainian military.

About $1.86 million of the money donated to Ukraine’s government was generated through the sale of a non-fungible token, or NFT, originally intended to raise funds for WikiLeaks founder Julian Assange, Elliptic said.

The Indian Times got the story too:

After turning to an unlikely crowdfunding method amid war, Ukraine’s government has raised more than $10 million in cryptocurrency donations, as per CNBC.

On Saturday, the official Twitter account of the Ukrainian government had posted addresses for two crypto wallets.

And as of yesterday, i.e. Sunday, those two crypto wallets have received $10.2 million worth of crypto, according to research from blockchain analytics firm Elliptic. That’s on top of the millions in digital currency donated to non-governmental organizations supporting the Ukrainian military amid the Russian invasion.

As per the analytics firm Elliptic, around $1.86 million of the money donated to Ukraine’s government was generated through the sale of an NFT that was originally intended to raise funds for WikiLeaks founder Julian Assange.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.