How crypto community is rallying to support Ukraine
According to Chainalysis, since russia’s full-scale invasion of Ukraine, the country has received $70 million in crypto donations. The most commonly donated cryptocurrencies were ETH, BTC, and USDT. These donations came from individuals and communities like Ukraine DAO.
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According to Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, this helped to provide essential goods, with around 60% of suppliers agreeing to accept cryptocurrency.
There is also data on collections for the occupiers: 54 volunteer groups that crowdfund Russian military purchases through crypto received only $2.2 million during the same period.
However, as inflows to Ukrainian wallets continue to grow, donations to pro-russian gangs have dropped to almost zero.
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