Ukraine has received $37 million in tracked crypto donations so far

Based on data collected by Coin-Crypto, the number of tracked crypto donations sent to the Ukrainian government, military and charities has exceeded $37 million at the time of publication. These include Bitcoin (BTC), Ether (ETH), Tether (USDT) and other altcoins. The numbers are also based on tracked projects and do not account for items such as donation efforts between individuals.

The largest recipient of crypto donations appears to be the “Ukraine Reserve Fund”. supported by Kuna, the country’s native cryptocurrency exchange. According to to its official Telegram channel, the exchange has raised about $13 million worth of crypto for Ukraine, mainly through BTC, ETH and USDT.

Subsequently, Come Back Alive, a non-governmental organization that claims to be aiding the resistance efforts of the Ukrainian armed forces, receive over $7.2 million in BTC donations to his wallet address. This includes previous, albeit small, donations it had received during the war in Donbas, which began in 2014. CoinTelegraph spoke to Ukrainian crypto enthusiasts about the charity, voicing its legitimacy.

Then there’s the UkraineDAO, which is led by Pussy Riot’s Nadya Tolokonnikova (Russian feminist protest music group) and is trying to sell a single non-replaceable token or NFT flag to fund Ukrainian civil society organizations. Currently the highest bid for the NFT stands at $2.89 million USD.

In addition, activists in the blockchain community made Unchain Fund to help Ukraine. The initiative supports a plethora of altcoins, including NEAR, Binance Coin (BNB), Binance USD (BUSD), and more. Since its launch, the fund has raised more than $1.5 million in crypto, primarily through NEAR token donations. Anna Tutova, an Unchain Fund member and a prominent socialite in the crypto community, told Coin-Crypto:

“We raise money for medicines, evacuation and repair needs, food and clothing. We only raise money in crypto and use multi-sig wallets to be completely transparent. The Unchain fund is also supported by Vitalik Buterin, Solana, Near, Celo foundation, Harmony, Polygon, Gnosis, Gitcoin and many more.”

Other notable endeavors include Braiins, the world’s oldest mining pool, with its donation of 10 BTC plus some of its hash rate to help out Ukraine. Web3 humanitarian aid initiative RELI3F too sent185 ETH so far for three crypto funds backing Ukraine.

But crypto enthusiasts are also asking the Ukrainian government to expand their acceptance of cryptocurrencies donations to other altcoins, not just BTC, ETH and USDT. Sunny Lu, co-founder and CEO of Vechain, tweeted Monday:

Around the same time, Gavin Wood, co-founder of Ethereum and creator of Polkadot (DOT) and Kusama wrote:

Despite crypto fundraising efforts for Ukraine gaining significant popularity, users took to social media to warn each other to be vigilant, always check the authenticity of the donation links and beware of scams. In one example, an alleged scammer commented on all posts pretending to post the official crypto address to help the Ukrainian government.

Related: Crypto Exchanges Heed Ukraine’s Call to Freeze Russians’ Bitcoin

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