CryptoMediaClub
Wednesday, June 25, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Here’s How Much Crypto Ukraine Raised to Fight Russia: Report

29.07.2023
A A
0
126
VIEWS
ShareShare

Supporters of war-torn Ukraine have reportedly donated over $225 million worth of crypto to the country in its fight against Russia.

Prominent companies and figures part of the digital asset industry, such as the world’s largest cryptocurrency exchange Binance and Tron’s founder Justin Sun, have also contributed to the nation’s efforts.

The Strong Start Followed by Stagnation

According to a Crystal Blockchain report (seen by CoinDesk), Ukraine has received almost a quarter of a billion dollars in crypto assets as donations since the start of the military conflict with Russia.

The authorities have used the funds to purchase ammunition, medical equipment, weapons, and other war supplies to continue resisting the Russian invasion.

It is worth mentioning that the largest chunk of the total contributions came in 2022, as they stagnated at the end of last year and the beginning of 2023. The country has received less than $10 million worth of crypto since May.

ADVERTISEMENT

March 2022 was the most successful month in terms of donations when Ukraine racked up almost $100 million. February 2022 (when Russia’s President Vladimir Putin launched the “special military operation”) ranked second with over $30 million in digital assets.

Crystal Blockchain estimated that the most contributions ($83 million) came in the form of USDT. Ethereum (ETH) donations were second, comprising $79 million of the amount, whereas Bitcoin (BTC) ranked third ($41 million).

Ukraine Crypto Donations, Source: Crystal Blockchain

Ukraine’s crypto contributions significantly outpace the ones granted to Russia. The blockchain analytics firm Elliptic determined in March this year that pro-Russian forces and individuals have received less than $5 million worth of digital currencies.

Who Supported Ukraine’s Cause?

The war in the Eastern European country echoed across the globe and prompted many people and organizations part of the cryptocurrency ecosystem to support the Ukrainian efforts.

Binance donated $10 million worth of digital assets at the end of February 2022, explaining that the funds were split between organizations such as UNICEF, UNHCR, and the UN Refugee Agency.

Polkadot’s co-founder Gavin Wood sent over $5 million worth of DOT to Ukraine, while Tron’s founder Justin Sun contributed $200,000 in USDT.

Despite being born in Russia, Ethereum’s Vitalik Buterin also took the Ukrainian side, donating approximately $5 million in ETH. He also described the military conflict as a “crime against the Ukrainian and Russian people.”

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

ChatGPT Picks The Top 3 Coins To Take Positions in Before End of June 2025
All news

ChatGPT Picks The Top 3 Coins To Take Positions in Before End of June 2025

25.06.2025
0

ChatGPT has its proverbial eyes on a few top picks among the leading coins right now. With Bitcoin setting a...

Read moreDetails
Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

25.06.2025
Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out

Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out

25.06.2025
Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

25.06.2025
Bitcoin Rebounds to $105,000 After Truce Claimed in Middle East – What’s Next?

Bitcoin Rebounds to $105,000 After Truce Claimed in Middle East – What’s Next?

24.06.2025
Load More
Next Post
Immunefi and Trail of Bits Introduce ‘The Rekt Test’: Elevating Web3 Security Standards

Immunefi and Trail of Bits Introduce ‘The Rekt Test’: Elevating Web3 Security Standards

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Can Crypto Overcome Macro Headwinds? | Interview with Edward Zhao from Hex Trust

Can Crypto Overcome Macro Headwinds? | Interview with Edward Zhao from Hex Trust

8 months ago
BlackRock Alerts Investors Against Rising Crypto Scams Targeting Bitcoin and Ether ETF Holders

BlackRock Alerts Investors Against Rising Crypto Scams Targeting Bitcoin and Ether ETF Holders

11 months ago
DWF Labs Fires Eugene Ng Amid Drink Spiking Allegations

DWF Labs Fires Eugene Ng Amid Drink Spiking Allegations

8 months ago
Coinbase Companions with Aston Martin F1, Pays Solely in $USDC

Coinbase Companions with Aston Martin F1, Pays Solely in $USDC

4 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

Number of XRP holders almost doubled within six months, overtaking Solana

Bitcoin Rebounds to $105,000 After Truce Claimed in Middle East – What’s Next?

Dogwifhat Rockets 20% as Bitcoin Breaches $106K – Is a $1.00 Breakout Next?

Turkey Slaps Strict New Crypto Oversight: Mandatory Source Checks, $3K Daily Stablecoin Limit

South Korea Expands Cryptocurrency Initiatives and Strengthens Market Regulation

Trending

ChatGPT Picks The Top 3 Coins To Take Positions in Before End of June 2025
All news

ChatGPT Picks The Top 3 Coins To Take Positions in Before End of June 2025

25.06.2025
0

ChatGPT has its proverbial eyes on a few top picks among the leading coins right now. With...

Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

25.06.2025
Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out

Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out

25.06.2025
Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

25.06.2025
Number of XRP holders almost doubled within six months, overtaking Solana

Number of XRP holders almost doubled within six months, overtaking Solana

24.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz