Ethereum And Bitcoin Donations to Ukraine

Ethereum And Bitcoin Donations to Ukraine

Bitcoin News
February 28, 2022 by Diana Ambolis
1090
Following Russia’s military strike, Etheruem and bitcoin donations to Ukraine have been made. So far, cryptocurrency users have sent over $600,000 in Bitcoin, Ethereum, and other digital assets. Bitcoin donations to Ukraine can help them in financial crisis. Ukraine is asking for bitcoin donations to aid against Russia’s aggression. The official Twitter account of the
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Following Russia’s military strike, Etheruem and bitcoin donations to Ukraine have been made. So far, cryptocurrency users have sent over $600,000 in Bitcoin, Ethereum, and other digital assets.

Bitcoin donations to Ukraine can help them in financial crisis.

Ukraine is asking for bitcoin donations to aid against Russia’s aggression. The official Twitter account of the eastern European country said earlier today that it was now accepting Bitcoin, Ethereum, and Tether, along with links to Bitcoin and Ethereum addresses. The address has now received 9.2 Bitcoin (about $361,000), 83 Ethereum (approximately $232,000), and roughly $20,000 in other digital currencies.

At first, the tweet was met with skepticism, with some suspecting that Ukraine’s account had been hacked. In a tweet, Vitalik Buterin cautioned against sending any cryptocurrency donations, saying that the request “may easily be a hack.”

Mykhailo Fedorov, Ukraine’s Vice Prime Minister, also tweeted the two bitcoin addresses earlier today, implying that the request may be legitimate unless hackers successfully attacked both accounts. Fedorov also sent the address to a secure Telegram channel. “Stand with the people of Ukraine,” both versions said in their tweets.

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Following Russia’s military war on Ukraine, cryptocurrency users have raised millions of dollars for the country. Come Back Alive, a non-profit organization, has already collected $5.8 million in Bitcoin, and Ethereum enthusiasts have formed the UkraineDAO DAO to raise cash. The Ministry of Defense, for example, is not legally permitted to take cryptocurrency.

Following weeks of tension, Russian President Vladimir Putin stated early Thursday that he had launched an attack on Ukraine. Since then, explosions have been reported in Kyiv and other major cities, and Ukrainians have gathered with artillery to defend themselves against the Russian forces. Following the incident, Ukraine’s President Volodymyr Zelenskyy imposed marital law and appealed to all countries worldwide to help combat the attack. Today, he was photographed on the ground in Kyiv.

Over 1,700 protestors were arrested in Russia

Protests in support of Ukraine are taking place in major cities worldwide. Over 1,700 protestors were arrested in Russia on Friday, according to reports.

The crypto community has likewise condemned Russia’s recent attacks on Ukraine. This week, Sam Bankman-Fried, Buterin, and others came against the war. “Reminder: Ethereum is neutral, but I am not,” Buterin tweeted after expressing his displeasure with Putin’s choice in a Russian tweet.

16:47 UTC update: The Ministry of Digital Transformation of Ukraine’s public relations team emailed Crypto Briefing to confirm that the request was authentic. The statement stated, “We have not been hacked.” “Yes, we affirm — the Ministry of Digital Transformation of Ukraine and Minister Mykhailo Fedorov’s communication channels are safe.”

Updated at 19:18 UTC: The Bitcoin account has already received 18.7 Bitcoin worth $733,000, while the Ethereum address has received over 1,200 Ethereum worth $3.4 million, as well as roughly $236,000 in other digital assets. The total now stands at approximately $4.37 million.