Crypto exchanges FTX and Kuna and the strike platform Everstake are teaming up with Ukrainian government officials to launch a donation website for users who want to send crypto to help the country and its people.
In an announcement on Monday, the Ukrainian Ministry of Digital Transformation said the government had launched Aid for Ukraine, a platform that accepts donations in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), Icon (ICX) and Neo (NEO) “to support people in their struggle for freedom.” Many parts of the country have been attacked by the Russian army since February 24.
According to the website, users have: sent over $48 million worth of crypto at the time of publication, roughly 24% of the platform’s $200 million goal. The funds will be sent to the National Bank of Ukraine and used for “ammunition and supplies” to support humanitarian aid programs and the country’s armed forces. Fiat donations to the Central Bank of Ukraine in various currencies are also accepted.
“Aid For Ukraine shows how the global crypto community and the traditional financial system can work together,” said Anatoly Yakovenko, co-founder of Solana Labs. “Crypto donations to the DAO are stored and managed in the chain and then transferred to FTX, a centralized exchange, to be sold for fiat USD sent to the Ukrainian government via SWIFT.”
Crypto turned out to be a real rescue thanks to its ease of use. we at @mintsyfra crypto donations made even easier. Together with @everstake_pool and @FTX_Official we announce https://t.co/8LsgXj0HSB — a website where you can donate crypto to save Ukraine.
— Alex Bornyakov (@abornyakov) March 14, 2022
The platform consolidated the list of wallet addresses previously provided by the Ukrainian government using its Twitter account. However, since the Russian invasion of Ukraine, some crypto companies have also announced that they would donate to Ukraine. Kraken promised to pay out $1,000 to any user who created an account in the country before March 9, while the Bored Ape Yacht Club said it would match a donation of $1 million in ETH.
Related: Ally or Suspect? The war in Ukraine as a stress test for the crypto industry
Coin-Crypto reported that on March 9, several organizations and government-run purses received more than $108 million to help Ukraine. The funds earmarked for Ukrainians come amid Russia facing economic stress from sanctions imposed by the United States and the European Union. Many private companies, including major banking firm Goldman Sachs and Visa and Mastercard, have cut all ties with the country in the past two weeks.
CoinTelegraph contacted FTX but received no response at the time of publication.