Tracked crypto donations to Ukraine rise to $108 million as Kraken, Bored Ape joins

On Wednesday, total crypto donations through wallet addresses, charities and Ukrainian government relief efforts, followed by Coin-Crypto, reached $108 million. The top three recipients of such funds are the official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, and a BTC donation address for Come Back Alive.

Same day, Kraken announced that it would distribute more than $10 million to customers who created an account in Ukraine for relief before March 9. Regardless of their account balance, Ukrainian Kraken customers will each receive $1,000 in BTC during the first tranche of the fund’s payout, which can be withdrawn immediately. The exchange also waived currency conversion fees for withdrawals up to $1,000. Kraken CEO Jesse Powell made the following comments about the aid package:

“Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians.”

Funds will be distributed throughout the year, in part to give Ukrainian residents time to complete Kraken’s “interim” Know-Your-Customer verification process. Perhaps ironically, fees collected from Russia-based Kraken accounts will partially fund the aid package.

Bored Ape Yacht Club, or BAYC, also joined the crypto fundraisers for Ukraine on Wednesday. After raising nearly $1 million worth of ETH from wallets holding a non-functioning BAYC token, the developers behind BAYC said it would match the contribution with its own $1 million ETH donation.

Other notable contributors include Binance’s Ukraine Emergency Relief Fund, which has raised more than $11.3 million in BTC, BNB and Binance USD since its inception. In addition, it appears that Kuna’s Crypto Fund of Ukraine during its latest update on March 3: receive over $14 million in major altcoins such as Polkadot (DOT), Tether (USDT), Candle (CNDL), USD Coin (USDC) and Dai (DAI).

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