On Thursday, the Ukrainian government raised a total of US$38.8 million in cryptocurrency donations since the Russian invasion, with monies moving via alternate routes bringing total contributions to at least US$60 million.
Aid for Ukraine, a decentralized autonomous organization established by the Ukrainian government, local Web 3.0 firm Everstake, and the Solana Foundation, has also raised more than US$1.4 million.
cryptocurrency exchange Kuna founder Michael Chobanian posted on social media that around $14 million of the assets had been spent for relief.
The Ukrainian government began accepting Bitcoin, Ether, and USDT as payment methods, but the cryptocurrency community’s support is helping to expand contribution channels to include other blockchains and applications such as DAOs and non-fungible tokens (NFTs).
On Wednesday, a group of donors contributed US$6.5 million to Ukraine DAO’s NFT auction of a picture of the Ukrainian flag.
Come Back Alive, a Ukrainian NGO that aids both soldiers and civilians, has raised over US$8.8 million in Bitcoin donations on its own, despite being banned from Patreon.
Binance has contributed US$10 million to humanitarian operations, with 148.8 Bitcoins (US$6.4 million) in its Ukraine Emergency Relief Fund.
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