Donations to Ukraine’s military in Bitcoin have surpassed $1 million

On Friday, a Patreon fundraising website for the Ukrainian military was deactivated, although donations to the organization’s Bitcoin wallet surpassed $1 million.

Come Back Alive, a Kyiv-based nonprofit organization founded in 2014, said the donations would be used to purchase military equipment for Ukrainian soldiers, including armor and medical kits.

Director Taras Chmut said the organization had been receiving tiny donations for several months, but when Russia invaded, it received over $300,000 in donations, many of which were less than $1,000.

On crypto philanthropy portal The Giving Block, digital asset donations increased by 1,558 percent in 2021, indicating that crypto is becoming a more efficient means of charity and donations.

Come Back Alive was receiving fiat payments on Patreon, but the page has been blocked since Thursday, according to pro-Ukraine contributors on social media.

In a blog post, Patreon stated that utilizing its services to support military funding is against the company’s regulations, and that the money in the charity’s account will be returned to supporters.

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