Ethereum’s Co-creator Sent $5 Million in Support of Ukraine
Ethereum’s co-founder Vitalik Buterin has donated 1500 ETH worth about $5 million press-time in support of Ukraine. The crypto prodigy of Russian origin has sent 750 ETH to “Unchain Ukraine” and another 750 ETH to “Ukraine’s Crypto Fund”. The former is a charity organization helping those Ukrainians who suffered from Russian aggression while the latter supports the Ukrainian army and cyber resistance.
In response to Buterin’s move, “Ukraine’s Crypto Fund” tweeted: “@VitalikButerin donated almost $2.5M in $ETH to @_AidForUkraine 2 days ago, and didn't say a word! He also donated $2.5M to @Unchainfund. Thanks for your enormous help, Vitalik, and thank you for creating @ethereum! The #Ethereum community is 💙💛”
Unchain Ukraine echoed their excitement:
Earlier, Buterin, who moved to Canada as a child, condemned the invasion.
In his tweet dated Feb.24, the day Russia’s President Vladimir Putin launched an all-out attack on Ukraine, Buterin wrote in Russian: “I’m very upset by Putin’s decision to opt for a war instead of trying to peacefully resolve its dispute with Ukraine. It is a crime against the Ukrainian and Russian people. I wish everyone safety even though I know that no one will be safe. Glory to Ukraine.”
In March 2022, Ukraine’s vice prime minister and minister of Digital Transformation, Mykhailo Fedorov noted that “the Parliament has adopted a law on virtual assets. I think the President is about to sign it into law in a matter of days. So we strive to be as friendly to virtual assets as possible. And we are continuing this effort during wartime as well,”
On March 17, the country’s President Volodymyr Zelensky signed the bill “On Virtual Assets”, establishing a legal framework for the country to operate a regulated crypto market.