Ukraine crypto donations top $36M amid Russian invasion
Cryptocurrency donations to Ukraine through government and private channels have topped US$36 million as contributions continue to mount throughout the Russian invasion.
See related article: Binance may join sanctions imposed on Russian targets
Fast facts
The Ukrainian government has received 113 BTC and 2,001 ETH, totaling almost US$10 million, as of press time.
Binance has pledged US$10 million to the Ukrainian Humanitarian Effort while launching a crypto-first crowdfunding effort that has received at least 155 BTC (US$6 million) in donations.
An NGO Come Back Alive raising funds for the Ukrainian military has received 181 BTC (US$7 million), though its Patreon account for fiat donations shut down for violating the platform’s policy over military fundraising.
Almost 2,000 people have made a joint bid worth 1279 ETH (US$3.3 million) on an NFT of the Ukrainian flag auctioned by UkraineDAO, an organization established in part by a member of famed Russian feminist rock band, Pussy Riot.
Crypto’s role in the invasion has been evolving as donations flood in, including being offered as rewards for surrendering Russian soldiers.
Social media users have identified scammers exploiting the crisis to solicit donations to personal wallet addresses.
See related article: Bitcoin donations for Ukraine military surpass $1M