For its part, Vitalik Buterin, founder of Ethereum, claimed to have confirmed with Ukrainian authorities the veracity of the addresses shown to receive donations. However, he called for caution and caution when donating, as bad actors could pose as the legitimate owners of these bags. Along the same lines, some users denounce that some bitcoins have been sent from the Ukrainian government address to an address labeled as fraudulent.
Despite some specific facts, it was confirmed that in the last hours Ukraine received more than $4 million in crypto through Come Back Alive, a Ukrainian NGO. As reported by the organization, during the first 12 hours of Thursday alone, donors sent close to $675,000 in bitcoins. However, a donation of $3 million in crypto assets from an anonymous supporter skyrocketed the NGO’s collection on Friday.
“Cryptocurrency is particularly well-suited for international fundraising as it does not respect national borders and is able to resist blockages – there is no central authority that can block transactions, for example in response to sanctions,” said Tom Robinson, chief scientist at blockchain analytics firm Elliptic, told CNBC.
What does it mean for Ukraine to allow operations in cryptocurrencies?
This particular way of sending donations to the Ukrainian troops also responds to the need to circumvent the martial law imposed by Zelensky after the advance of the Russian forces, which limits access to foreign currencies, as well as the withdrawal of cash.
Although the economic support provided by these supporters is practically inconsequential compared to Russian capacity, it will serve to equip Zelensky’s troops with military equipment, medical supplies and drones. “Cryptocurrencies are increasingly being used to finance mob wars, with the tacit approval of governments,” Robinson noted.
Sam Bankman-Fried, founder of FTX, a Bahamas-based crypto asset trading platform, has also joined the cause. In this case, the crypto tycoon announced that would donate $25 to all Ukrainian users of your app. “Do what you have to do,” Bankman added in his announcement on Twitter.
On the other hand, a Russian punk band, known for its opposition to the Putin government, has also given its support through its UkraineDAO platform. Pussy Riot recently launched this app in order to raise funds for civil organizations, such as Kiev Come Back Alive and Proliska, which works to help civilians in the breakaway regions of Donetsk and Luhansk.
Source: Ambito
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