Ukraine accepts Bitcoin and altcoin donations following Russia’s military attack on the country. Crypto users have sent donations of over $600,000 in Bitcoin, Ethereum and other cryptocurrencies so far.
- Ukraine’s official Twitter account and Deputy Prime Minister Mykhailo Fedorov tweeted requests for Bitcoin and Ethereum donations.
- Millions of dollars have been raised for Ukraine in the last few days after Russia’s military attack on the country.
- Vitalik Buterin and others warned that the posts might not be legitimate when they first appeared, but Ukraine’s Ministry of Digital Transformation confirmed the tweets were genuine.
A government official tweeted, “Be with the Ukrainian people”. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
Ukraine accepts donations from Bitcoin and these altcoin projects!
Ukraine is seeking cryptocurrency donations to help fight Russian aggression. The Eastern European country’s official Twitter account posted a tweet earlier today, announcing that it now accepts Bitcoin, leading altcoin Ethereum and Tether, with links to a Bitcoin and Ethereum address. The address has now received donations in 9.2 Bitcoin (about $361,000), 83 Ethereum (about $232,000), and about $20,000 worth of other cryptocurrencies.
The tweet initially aroused suspicion as some suspected that Ukraine’s account might have been hacked. Vitalik Buterin warned against posting any crypto donations in a tweet, commenting that the request could “easily be a hack.” Ukraine’s Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov also tweeted two crypto addresses earlier today, suggesting that the request may be legitimate unless hackers successfully target both accounts.
Russia-Ukraine crisis deepens!
Tweets from both accounts say “Be with the Ukrainian people”. Fedorov also shared the address on a verified Telegram channel. Crypto users have raised millions of dollars for Ukraine in the past few days following Russia’s military offensive. An NGO called Come Back Alive has already received $5.8 million in Bitcoin, while Ethereum enthusiasts have launched a DAO called UkraineDAO to raise money. Specifically, the Department of Defense is not legally allowed to accept crypto.
Earlier on Thursday, Russian President Vladimir Putin announced that he had ordered an attack on Ukraine after weeks of tension. Since then, explosions have been heard in Kiev and other major cities, and Ukrainians have teamed up with artillery to fight against the Russian army. Ukrainian President Volodymyr Zelenskyy declared civil law after the strike and urged overseas countries to fight the attack.
Crypto community condemns Russia’s attack on Ukraine
Today, protests are held in major cities of the world in solidarity with Ukraine. On Friday, more than 1,700 protesters were reportedly arrested in Russia. The bitcoin and altcoin community also condemned Russia’s attack on Ukraine in the past few days. Sam Bankman-Fried, Vitalik Buterin and others opposed conflict this week. “Reminder: Ethereum is neutral, but I am not,” Buterin tweeted after he said in a tweet in Russian that he was “very sorry for Putin’s decision.”
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