During the first week of the Russia-Ukraine war, the Ukrainian government addressed the crypto community on Twitter to support civilians and troops. Ukraine started receiving BTC, ETH, and USDT as donations. Against the background of the military threats in Ukraine, the Ukrainian government has asked for help from many international organizations. However, Ukraine’s official Twitter account called for help on Crypto Twitter, given the timing.
In addition, the Vice Prime Minister of Ukraine shared three addresses of the crypto wallet; He also called on the crypto-community to make donations and assist in the fight against Russian troops in Ukraine. While the BTC and ETH addresses endure the exact, Fedorov’s USDT wallet route is based on TRC20. Well-known crypto entrepreneurs, including the co-founder of Ethereum, initially suspected that the crypto donation request accounts had been hacked. However, the American diplomat later confirmed Its legitimacy from the Ukrainian ambassador.
Ukrainian refugees say they have lost access to Fiat savings and credit cards. According to the UN, as of February 26, more than 150,000 people had to leave Ukraine. Although confusion prevailed over the targeted use of crypto donations; Another decentralized autonomous organization initiative emerged, focusing only on Ukrainian citizens.
Ukraine and Crypto Donations
UkraineDAO launched the 1/1 NFT issue of the Ukrainian flag to raise funds for Ukrainian civil society organizations to help those affected by the Putin-initiated war. On February 24, the Ministry of Defense of Ukraine had received numerous requests from foreigners for crypto donations.
Prominent crypto entrepreneurs have made active efforts to help Ukrainians. The FTX CEO was the first to offer cash assistance to FTX traders from Ukraine. According to reports, the Ministry of Defense received a request from the crypto community to create provisions for accepting crypto donations that were previously unavailable.
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