Ukraine Is Asking for Bitcoin and Ethereum Donations

Key Takeaways

  • Ukraine’s official Twitter account and Vice Prime Minister Mykhailo Fedorov have tweeted requests for Bitcoin and Ethereum donations.
  • Thousands and thousands of {dollars} has been raised for Ukraine over the previous few days following Russia’s navy assault on the nation.
  • Vitalik Buterin and others warned that the posts will not be professional after they first surfaced, however the Ministry of Digital Transformation of Ukraine verified the tweets as real.

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“Stand with the individuals of Ukraine,” a authorities official’s tweet learn. 

Ukraine Requests Crypto Donations  

Ukraine is in search of cryptocurrency donations to assist struggle towards Russia’s assault. 

The jap European nation’s official Twitter account posted a tweet earlier at present saying that it was now accepting Bitcoin, Ethereum, and Tether with hyperlinks to a Bitcoin and Ethereum tackle. The tackle has now acquired 9.2 Bitcoin (round $361,000), 83 Ethereum (round $232,000) and round $20,000 value of different digital belongings. 

The tweet initially drew skepticism as some suspected that Ukraine’s account could have been hacked. Vitalik Buterin warned against sending any crypto donations in a tweet, commenting that the request “might simply be a hack.” 

Ukraine’s Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov also tweeted out the 2 cryptocurrency addresses earlier at present, which means that the request could possibly be professional except hackers efficiently focused each accounts. “Stand with the individuals of Ukraine,” the tweets from each accounts learn. Fedorov additionally shared the tackle on a verified Telegram channel. 

Crypto customers have raised thousands and thousands of {dollars} for Ukraine over the previous few days following Russia’s navy strike. An NGO referred to as Come Again Alive has already acquired $5.8 million in Bitcoin, whereas Ethereum fanatics have launched a DAO referred to as UkraineDAO in a bid to lift funds. Notably, the Ministry of Protection isn’t legally permitted to simply accept crypto. 

Early Thursday, Russian President Vladimir Putin introduced that he had ordered an assault on Ukraine following weeks of pressure. Explosions have since been heard throughout Kyiv and different main cities and Ukrainians have assembled with artillery to struggle off the Russian navy. Ukraine’s President Volodymyr Zelenskyy declared marital regulation following the strike and has referred to as on nations abroad to struggle off the assault. He was pictured on the bottom in Kyiv at present. 

Protests are happening in main cities all over the world at present in solidarity with Ukraine. On Friday, it was reported that over 1,700 protestors had been arrested in Russia. 

The crypto group has additionally decried Russia’s assault on Ukraine over the previous few days. Sam Bankman-Fried, Vitalik Buterin, and others spoke out towards the battle this week. “Reminder: Ethereum is impartial, however I’m not,” Buterin tweeted after declaring that he was “very upset by Putin’s resolution” in a tweet written in Russian. 

16:47 UTC replace: The PR workforce for the Ministry of Digital Transformation of Ukraine responded to Crypto Briefing in an electronic mail to verify that the request is professional. “Sure, we affirm — the communications channels of the Ministry Of Digital Transformation of Ukraine and Minister Mykhailo Fedorov are safe. We’re not hacked” the message learn.

19:18 UTC replace: The Bitcoin tackle has now acquired 18.7 Bitcoin value $733,000, and the Ethereum tackle has acquired over 1,200 Ethereum value $3.4 million plus about $236,000 in different digital belongings. That brings the whole to round $4.37 million.

Disclosure: On the time of writing, the writer of this function owned ETH and several other different cryptocurrencies.

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