How crypto community is rallying to support Ukraine
According to Chainalysis, since russia's full-scale invasion of Ukraine, the country has received $70 million in crypto donations. The most commonly donated cryptocurrencies were ETH, BTC, and USDT. These donations came from individuals and communities like Ukraine DAO.
According to Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, this helped to provide essential goods, with around 60% of suppliers agreeing to accept cryptocurrency.
There is also data on collections for the occupiers: 54 volunteer groups that crowdfund Russian military purchases through crypto received only $2.2 million during the same period.
However, as inflows to Ukrainian wallets continue to grow, donations to pro-russian gangs have dropped to almost zero.
There is also data on collections for the occupiers: 54 volunteer groups that crowdfund Russian military purchases through crypto received only $2.2 million during the same period.
However, as inflows to Ukrainian wallets continue to grow, donations to pro-russian gangs have dropped to almost zero.
