Ukraine accepting Bitcoin, Ethereum and USDT donations to support civilians and troops
The Ukrainian government has reached out to the crypto community on Twitter to raise funds to support its citizens and defense.
in the first week of the Russia Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its citizens and army. Ukraine has been started accepting Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as a donation.
Between defense threats through the country of Ukraine, the government of Ukraine sought help from numerous international organizations. However, considering time is of the essence, the official Twitter account of Ukraine extended its call help to crypto on Twitter.
Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.— Ukraine / Україна (@Ukraine) February 26, 2022
BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14
Mykhailo Fedorov the vice Prime Minister of Ukraine also shared three crypto wallet addresses urging the crypto community to donate and help Ukraine fight against the Russian defense. While the BTC and ETH addresses remain the same. Fedorov's USDT wallet address is TRC20 based
Stand with the people of Ukraine— Mykhailo Fedorov (@FedorovMykhailo) February 26, 2022
Now accepting cryptocurrency donations. Ethereum. Bitcoin and Tether (USDTtrc20)
BTC — 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH — 0x165CD37b4C644C2921454429E7F9358d18A45e14
USDT (trc20) — TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy
Crypto entrepreneurs including Ethereum co-founder Vitalik Buterin initially suspected that the accounts requesting crypto donations were hacked. However, American diplomat Tomicah Tillemann later confirmed its legitimacy from Ukrainian Ambassador Olexander Scherba.
Getting some confirmations from a couple sources that it's legit. Deleting my warning for now. But continue to be vigilant, and always be slow and careful when sending irreversible crypto transactions. https://t.co/Odv5pxf3mp— vitalik.eth (@VitalikButerin) February 26, 2022
Ukrainian citizen refugees have reported the loss of access to their fiat savings and credit cards. The United Nations (UN) reported that over 150,000 people have been displaced from Ukraine as of Feb 26.
My Ukrainian credit cards don't work anymore. I'm safe physically in Kazakhstan, but all my savings are gone.— ARTYOM FΞDOSOV(@usleepwalker) February 25, 2022
Crypto is the only money I still have, and today I can say without exaggeration that $BTC, $ETH, and #NFT are going to save my life while I can't come back home.
While confusion prevailed about the intended use of the crypto donations, Buterin shared another decentralized autonomous organization (DAO) initiative that focuses solely on Ukrainian citizens.
An opportunity to support Ukrainians here! Proceeds go to civilian efforts helping Ukrainians suffering from the war. https://t.co/GD7Qlw61nT— vitalik.eth (@VitalikButerin) February 26, 2022
Ukraine DAO, led by Pussy Riot's Nadya Tolokonnikova, published with the release of a 171 nonfungible token (NFT) of the Ukrainian flag to raise funds for Ukrainian citizen organizations to help those suffering from the war initiated by Putin.
On Feb 24, Ukraine's Ministry of Defence received numerous requests from foreigners for crypto donations.
It is now believed that proceedings to the addresses shared by the Ukrainian government will be used directly by the government while the DAO proceedings will be redirected towards the citizen welfare via an NGO.
On Feb 24, prominent crypto entrepreneurs took proactive efforts to aid Ukrainians. FTX CEO Sam Bankman Fried was one of the first to offer monetary support to FTX traders from Ukraine.
we just gave $25 to each Ukrainian on FTX— SBF (@SBF_FTX) February 24, 2022
do what you gotta do
The Ministry of Defense was asked by the crypto community to set up provisions to accept crypto donations.