Cryptocurrencies Worth N2 billion Donated to Ukraine Globally
With the Russian invasion intensifying, the world has united to defend the embattled Ukraine in an unprecedented manner. Financial assistance from around the world has increased in the past 72 hours for the Ukrainian government.
Billions donated in crypto already
The government has received N2 billion worth of crypto so far in response to its plea for donations.
Tweets from the Ukrainian government show that bitcoin and Ether wallets have already gotten a total of N2 billion in cryptos. Ethereum wallets received almost N1.2 billion in donations on Saturday, February 26, 2022.
The bitcoin wallets have already received N415 million.
In a social media post through Ukraine’s official Twitter handle, Vice Prime Minister, Mykailo Fedorov offered addresses for donating bitcoin, Ether and stablecoin and USDT.
There have been massive amounts of losses to civilians for reports that they have lost their bank accounts and credit cards due to the war.
As of February 26, 2022, over 150 people have fled Ukraine to neighbouring countries, the United Nations says.
As confusion persists over the purpose of crypto, Ethereum co-founder Vitalik Buterin is creating a decentralised autonomous organization focused exclusively on Ukraine.
A member of the activist group, Nadya Tolokonnikova led UkraineDAO to issue 1/1 NFTs of the Ukrainian flag in order to raise funds for Ukrainian NGOs.
Prominent crypto entrepreneurs stepped in to assist Ukrainians as soon as the Russia-Ukraine war broke out. FTX CEO, Sam Bankman-Fried was one of the first traders from Ukraine to receive monetary assistance from FTX.
