Crypto donations raised by the Ukrainian government alone since the Russian invasion topped US$38.8 million on Thursday, as funds flowing into alternative channels bring total contributions to at least US$60 million.
See related article: Ukraine crypto donations top $36M amid Russian invasion
Fast facts
- Aid for Ukraine, a decentralized autonomous organization set up by the Ukrainian government, local Web 3.0 firm Everstake and the Solana Foundation, has also collected over US$1.4 million.
- Around US$14 million of the funds have been used for aid, crypto exchange Kuna founder Michael Chobanian shared on social media.
- The Ukrainian government initially started accepting Bitcoin, Ether, and USDT, but support from the crypto community is continuing to diversify donation channels to different blockchains and their applications such as DAOs and non-fungible tokens (NFTs).
- Ukraine DAO’s NFT auction of an image of the Ukrainian flag collected US$6.5 million from a pool of donors on Wednesday.
- Ukrainian NGO Come Back Alive, which provides support to the military and civilians, has separately collected over US$8.8 million in Bitcoin donations while its efforts have been banned from Patreon.
- Binance has pledged US$10 million towards humanitarian efforts, and its Ukraine Emergency Relief Fund has amassed 148.8 Bitcoins (US$6.4 million).
See related article: Polkadot, crypto companies donate millions to Ukraine