Cryptocurrency donations amounting to 5 million dollars received by the Ukrainian government

The Ukrainian government is seeking to raise cryptocurrency donations as part of its efforts to resist the Russian invasion.

The Bitcoin and Ethereum wallets announced on Twitter have received a total of $4.9 million in cryptocurrency donations. So that the Ethereum wallet received about 3.9 million dollars. While the bitcoin wallet received $970,000. Some of these bitcoins were actually sent out of the wallet.

Cryptocurrency donations to Ukraine

Bitcoin, Ethereum and Tether wallet numbers have been published on both Ukrainian government accounts. In addition to Deputy Prime Minister Mikhailo Fedorov.

See also: The cryptocurrency bill before the Russian parliament despite the objections of the Central Bank

It is reported that the funds were initially received scantly to the addresses mentioned due to fears of account hacking. Ethereum co-founder Vitalik Buterin expressed his concerns. While the accounts were later confirmed to be verified, Buterin stated that he would delete his tweet.

The journalists were unable to obtain any official statement from Ukrainian officials. The official government website has also been suspended.

We also have to mention that this is not the first time that digital currencies have been used for fundraising. Another digital wallet has been created to support the Ukrainian army. This portfolio has received another $6 million.

It is noteworthy that Russia began to invade Ukraine on February 24, amid international objections and a package of Western sanctions against Russia that may affect Russian banks significantly.