Russian President Vladimir Putin launched a special military operation against Ukraine early Thursday morning. Ukraine now faces Russia on three fronts.
As Ukraine prepares for more attacks from Russia, blockchain analytics and compliance firm Elliptic earlier in the day paid $400,000 in Bitcoin to “Come Back Alive,” a Kiev-based nonprofit that delivers supplies to soldiers. He stated that he was forgiven.
Amount of Donations Continues to Increase
The amount of donations continues to increase. So far, he has accumulated more than $1 million in Bitcoin at the address. Most of the transactions took place last week, with 780 transactions since yesterday, totaling $725,000 worth of Bitcoin donations to the wallet.
Elliptic added in a report detailing crypto donations to Ukrainian NGOs and voluntary organizations while tracking today’s increase in crypto donations. The firm identified a number of wallets controlled by Ukrainian NGOs and found that the addresses donated approximately $570,000 in Bitcoin in 2021. Recently, Come Back Alive has started seeing an increase in Bitcoin donations.
Come Back Alive is crowdfunding the Ukrainian armed forces through a number of platforms. On Wednesday, he announced in a Facebook post that he had raised nearly $685,000 in one day. The platform has also raised $300,000 through Patreon.
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