After the Russian invasion, Ukraine receives $5 million in crypto donations

So far, almost $4 million has been sent to the Ethereum wallet listed by the government.

Ukraine is seeking donations of cryptocurrency in an effort to repel the invasion by Russia. Crypto gifts have already exceeded $4.9 million in total in the Bitcoin and Ethereum wallets listed on Twitter by the Ukrainian government. As of 22:39 UTC, donations to the Ethereum wallet totaled over $3.9 million. The Bitcoin wallet had received about $970,000 by the same time, with some bitcoin already sent.

Twitter posts

Mykhailo Fedorov, the vice prime minister of Ukraine, posted official Twitter accounts containing wallet addresses for bitcoin (BTC), ether (ETH) and tether (USDT), the stablecoin.

Initial donations trickled into the listed addresses over fears that the Ukrainian government account had been hacked. Though Ethereum co-founder Vitalik Buterin expressed doubts about the legitimacy of the appeals, the tweets came from verified accounts. (Buterin said he would delete the warning after confirming that the accounts were legit.)

The official website of Ukraine was down, and no representatives of the Ukrainian government were immediately available for comment.

The Ethereum wallet had around $3.6 million in total or 1,090 ETH when this article was published, while the Bitcoin wallet had approximately $500,000 or 13 BTC at the time.As there is evidence that some bitcoin have already been removed from the wallet, it is possible that this is not the total amount donated.

Wallets raising funds to aid Ukraine’s fight against Russian invasion have received almost $6 million in bitcoins A digital wallet raising funds to support the Ukrainian army has received almost $6 million in bitcoins

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