Donations in Cryptocurrency Donated to Ukraine in Secret Amount of $20.9 Million

More On: russia

In light of Russia's warning of punishment against anyone helping Ukraine, Bitcoin and other cryptocurrencies are being used to make anonymous donations to the Ukrainian government and volunteer groups as well as non-governmental organizations (NGO).

Massive donations have been made possible, according to the BBC, by many Ukrainian organizations posting their Bitcoin wallet addresses on the internet. In addition to the message, the Ukraine government's official Twitter account has a pinned tweet advertising its Bitcoin and Ethereum wallets "Do what you can to support the Ukrainian people. Donations in cryptocurrencies are now being accepted. USDT, BTC and ERC-20."

The highest contributor has contributed $3 million in Bitcoin to an NGO, and the total donations have already topped $20.9 million just a few days into the battle. Despite the fact that many donations are tiny, people are giving what they can afford. Blockchain analysis firm Elliptic says the figure is expected to rise, and it's a number that's likely to continue climbing.

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14
— Ukraine / Україна (@Ukraine) February 26, 2022

Bitcoin (56.4 percent), Ethereum (31.8 percent), Stablecoins (11.9%) and "other" (less than 1%) make up the majority of the donations (0.9 percent ). Cryptocurrency is being sent to the Ethereum account belonging to the government, and a Ukrainian non-profit organization that aids soldiers has received "several million dollars" in crypto. Come Back Alive's Patreon account was suspended last week after Patreon determined that the money raised would be used in a way that "violated our principles."

** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.