Ukraine saw large-scale help coming from the cryptocurrency community as significant donations were sent to the country through crypto after the nation was invaded by Russia.
Data collected by crypto news outlet Cointelegraph shows that so far $37 million has been collected for Ukraine.
The top recipient of such donations is the “Reserve fund of Ukraine,” backed by local crypto exchange Kuna. It reportedly has raised about $13 million in Bitcoin BTC, Ethereum ETH and stablecoin Tether USDT so far.
The second contender is Come Back Alive — a non-government organization that says it’s helping the Ukrainian Armed Forces’ resistance efforts.
The third organization that raised the most funds, in true cryptocurrency nature, is a decentralized autonomous organization led by Nadya Tolokonnikova — a member of Russian feminist protest music group P***y Riot — which is selling a single non-fungible token to fund Ukrainian organizations.
The current top bid for the NFT is $2.89 million. Unchain Fund raised over $1.5 million in crypto for Ukraine, while Braiins — the world’s oldest mining pool — donated 10 Bitcoin (over $400,000) and a portion of its hashrate to help the nation recently attacked by Russia.
The Web 3.0 initiative RELI3F has sent 185 Ethereum so far for a total value nearing $520,000.The official Ukraine government Twitter account also posted Bitcoin and Ethereum addresses to directly accept those cryptocurrencies as donations.