Ukraine netted $70M in crypto donations since start of Russia conflict
Ether leads the way in donations with $28.9 million received so far, while BTC and USDT donors have chipped in $22.8 million and $11.59 million respectively. Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance. The figures came from a Feb. 24 report by Blockchain data platform Chainalysis, which found the majority of the funds to have come in the form of Ether (ETH) and Bitcoin (BTC). ETH donors led the way with $28.9 million given, while donors of BTC and Tether (USDT) chipped in $22.8 million and $11.59 million respectively. Cryptocurrencies donated to Ukraine wallets provided by the Ukrainian government. Source: Chainalysis. Donations have also come in the form of nonfungible tokens (NFTs), such as UkraineDAO’s auction of a Ukrainian flag NFT which sold for $6.1 million. Around 80% of the total $70 million donated came in the first few months...