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Home News Cryptocurrencies Bitcoin

$4M+ In Bitcoin Donated To Support Ukrainian Military

by The Distributed Team
February 26, 2022 - Updated on April 30, 2023
in Bitcoin
$4M+ In Bitcoin Donated To Support Ukrainian Military

Amidst the war between Russia and Ukraine, thousands have shown their support through Bitcoin donations to the military.

Come Back Alive is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet will finance military equipment like medical kits and armor for the Ukrainian soldiers.

Fortune reported that $400,000 was donated after news of Russia’s invasion, according to data from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive’s director, Taras Chmut.

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post that they’re using their services to support military funding. Every donation sent to the original page will be sent back.

Cryptocurrency prices have dropped dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.

Tags: CryptocurrenciesGoFundMeRussiaUkraine

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