Ukraine raises over $20 million in cryptocurrencies

English Feb 28, 2022

The Ukrainian government and NGOs supporting the military have raised $20 million through thousands of cryptocurrency donations since the invasion began.

Earlier this past week, the Ukrainian government’s official Twitter account announced that the government was “now accepting cryptocurrency donations” in a tweet sharing a Bitcoin and Ethereum wallet address.

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14
— Ukraine / Україна (@Ukraine) February 26, 2022

According to blockchain records, these two addresses received approximately $4.6 and $5.6 million respectively.

Cryptocurrency donations to Ukraine are pouring in from all directions, including via DAOs. While some states such as El Salvador have adopted cryptocurrencies, Ukraine's use of cryptocurrencies from direct donations is the first of its kind, showing the flexibility of the technology.