The Ukrainian government – and a military NGO – has raised more than $ 89,000 in donations of cryptographic assets since the Russian invasion began. This includes a donation of $ 5.8 million from Gavin Wood, founder of Polkadot, and a CryptoPunk NFT worth more than $ 200,000.
On February 26, Twitter accounts owned by the Ukrainian government posted requests to donate cryptographic assets. To date, Bitcoin, Ethereum, TRON, Polkadot, Dogecoin and Solana have received 66,734 cryptocurrencies. The total value of donations received by the Ukrainian government is $ 42.9 million.
The donations cover one transaction worth $ 1.86 million, which appears to come from the sale of NFTs, originally intended to raise money for Julian Assange. About $ 200,000 worth of CryptoPunk NFT has also been sent to the Ukrainian government’s Ethereum account.
CryptoPunk # 5364 – donated to the Ukrainian government
Come Back Alive, a Ukrainian NGO supporting the military, has also received multi-million dollar cryptocurrencies. 24. In February, the Patreon platform announced that suspended the Come Back Alive page for violating the rules relating to military action.
UkraineDAO has sold an auction Ukrainian flag NFT for $ 6.5 million in Ethereum – the tenth most expensive NFT ever sold. Proceeds will be donated to Come Back Alive.
Most of the donations received so far have been made in Bitcoin and Ethereum, although a significant proportion are also stable US dollar coins. Not only cryptographic assets are donated; people also send NFTs to the Ethereum account of the Ukrainian government.
Cryptographic asset collection campaigns in support of the Ukrainian army are also being conducted outside Ukraine. UkraineDAO is a decentralized autonomous organization dedicated to collecting Ether for donation to the Come Back Alive program.
Cryptocurrencies have become a prominent feature of the war between Russia and Ukraine. It has been speculated that Russians may use cryptocurrencies to evade sanctions and bring their money out of the country, although according to experts, this can be extremely difficult.
Last week, Mykhailo Fedorov, Ukraine’s Deputy Prime Minister, called on major cryptocurrencies to block Russian users’ accounts. Binance, the world’s largest cryptocurrency, has announced that it will block the addresses of all sanctioned users, but not all Russians.
Cryptographic donations in support of Ukraine in Bitcoin, Ethereum and Polkadotis can be made at the following tweets: https://twitter.com/ukraine/status/1497594592438497282?s=21
A cryptocurrency donation in support of Ukraine to Solana can be made here:
A cryptocurrency donation to Dogecoin can be made here: