Explorer

Ukraine Raises $8 Million In Donations Through Cryptocurrencies

Ukraine’s official Twitter account made the appeal for cryptocurrency donations following the country's invasion by Russia, posting digital wallets addresses for tokens, including bitcoin and ether

New Delhi: The government of Ukraine has raised nearly $8 million in cryptocurrencies after posting appeals on social media for donations of bitcoin and other digital tokens, according to blockchain analysis company Elliptic.

According to a report by Reuters, Ukraine’s official Twitter account made the appeal for cryptocurrency donations on Saturday following the country's invasion by Russia, posting digital wallets addresses for tokens, including bitcoin and ether.

Mykhailo Fedorov, Ukraine's vice-prime minister, tweeted the wallet addresses. “Stand with the people of Ukraine. Now accepting cryptocurrency donations,” wrote Fedorov, who is also minister of digital transformation.

ALSO READ | Russia-Ukraine Conflict: Why India Abstained From UNSC Vote To Call For General Assembly Session | Explained

The donations came as Russian military vehicles pushed into Ukraine's second-largest city Kharkiv on Sunday and explosions rocked oil and gas installations on a fifth day of fighting in the biggest assault on a European state since World War Two.

The average amount of donation is $1,000 to $2,000, and the group has received more than 500 individual donations in the past few days, said reports.

Pro-Ukraine groups and pro-crypto communities on social media platforms such as Twitter and Facebook have also contributed.

By 4 pm on Sunday, the wallet addresses had received crypto worth $7.9 million across almost 11,500 donations, London-based Elliptic said. The company tracks the movement of digital coins on the blockchain, a public ledger that records crypto transactions.

Ukraine's ministry of digital transformation did not immediately reply to requests for comment.

The crypto crowd-funding appeal is unprecedented. Though some states such as El Salvador have embraced cryptocurrencies, Ukraine's appeal for direct donations is among the first of its kind. It was not clear what Kyiv would use the funds for.

Crypto donations to Ukrainian volunteer and hacking groups have also spiked since Russia launched its invasion on Thursday, Elliptic said this week.

The donations to such groups, some of which have supplied equipment to government forces, grew strongly in January as Russia massed troops near Ukraine's border ahead of its invasion.

View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Phil Salt
₹11.50 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.50 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.50 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

As Race For Maharashtra CM Post Heats Up, Eknath Shinde Upset Over BJP's 'Claim' For Top Post: Sources
As Race For Maharashtra CM Post Heats Up, Eknath Shinde Upset Over BJP's 'Claim' For Top Post: Sources
Schools In Delhi-NCR To Go In Hybrid Mode After Supreme Court Directive On Air Pollution
Schools In Delhi-NCR To Go In Hybrid Mode After Supreme Court Directive On Air Pollution
PAN 2.0 Announced: Do You Need To Change PAN Number? Will It Be Free? All Your FAQs Answered
PAN 2.0 Announced: Do You Need To Change PAN Number? Will It Be Free? All Your FAQs Answered
Rashmi Shukla Reappointed As Maharashtra DGP After Mahayuti Win
Rashmi Shukla Reappointed As Maharashtra DGP After Mahayuti Win
Advertisement
ABP Premium

Videos

FIR Filed Against Sambhal MP Ziaur Rahman, Statement Released Amidst ControversyFIR Filed Against Sambhal MP Ziaur Rahman and Local MLA's Son in Controversial CaseSambhal Violence Sparks Political Firestorm, Congress MP Imran Masood's Strong Remarks | ABP NewsBreaking News: SP Leader Ram Gopal Yadav Reacts to Sambhal Violence | ABP News

Photo Gallery

Embed widget