Ukraine has received nearly $70 million in cryptocurrency donations

Following Russia's invasion of Ukraine, the number of people donating has risen dramatically.


Since then, the country that had turned to crypto as a means of gaining support from around the world has found it to be one of its most effective routes.


Following Russia's invasion of Ukraine, the number of people donating has risen dramatically.
Ukraine

As significant personalities and entities like as Polkadot founder Gavin Wood and Binance joined the initiative, the amount of cryptocurrency contributed climbed quickly.


Note that Wood had given about $6 million on his own, and Binance had contributed $10 to the effort. Other modest and large donations from fans all throughout the world had pushed the total up.


So far, $70 million in Bitcoin have been used for donation to Ukraine


These donations come from the Ukrainian government's official crypto wallet addresses as well as those used by non-governmental organizations (NGOs) and volunteer groups who have been contributing to the struggle in their own way.


SlowMist has released a study detailing the amount of cryptocurrency contributed to the Ukrainian government throughout the conflict.


Recently, tens of millions of dollars had been contributed to the small country to help it battle its Russian adversaries.


Ukraine, which has a considerably smaller army than Russia, has relied on contributions to arm and pay its troops.


The official wallets supplied by the Ukrainian government have taken in the most donations. According to SlowMist, these multiple wallets have received a total of $38.6 million in donations.