Ukraine Is Asking for Bitcoin and Ethereum Donations

Key Takeaways

  • Ukraine’s official Twitter account and Vice Prime Minister Mykhailo Fedorov have tweeted requests for Bitcoin and Ethereum donations.
  • Tens of millions of {dollars} has been raised for Ukraine over the previous couple of days following Russia’s navy assault on the nation.
  • Vitalik Buterin and others have warned that the posts might not be authentic.

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“Stand with the individuals of Ukraine,” a authorities official’s tweet learn. 

Ukraine Account Requests Crypto Donations  

Ukraine could also be in search of cryptocurrency donations to assist battle in opposition to Russia’s assault. 

The japanese European nation’s official Twitter account posted a tweet earlier immediately asserting that it was now accepting Bitcoin, Ethereum, and Tether with hyperlinks to a Bitcoin and Ethereum deal with. The deal with has now obtained 9.2 Bitcoin (round $361,000), 83 Ethereum (round $232,000) and round $20,000 value of different digital property. 

The tweet initially drew skepticism as some suspected that Ukraine’s account might have been hacked. Vitalik Buterin warned in opposition to sending any crypto donations in a tweet, commenting that the request “might simply be a hack.” Crypto Briefing reached out to authorities officers to confirm whether or not the request was authentic however had not obtained a response at press time. 

Ukraine’s Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov additionally tweeted out the 2 cryptocurrency addresses earlier immediately, which means that the request may very well be authentic until hackers efficiently focused each accounts. “Stand with the individuals of Ukraine,” the tweets from each accounts learn. Fedorov additionally shared the deal with on a verified Telegram channel. 

Tens of millions of {dollars} have been raised for Ukraine over the previous couple of days since Russia’s navy strike. An NGO referred to as Come Again Alive has already obtained $5.8 million in Bitcoin, whereas Ethereum fans have launched a DAO referred to as UkraineDAO in a bid to lift funds. Notably, the Ministry of Protection is just not legally permitted to just accept crypto. 

Early Thursday, Russian President Vladimir Putin introduced that he had ordered an assault on Ukraine following weeks of stress. Explosions have since been heard throughout Kyiv and different main cities and Ukrainians have assembled with artillery to battle off the Russian navy. Ukraine’s President Volodymyr Zelenskyy declared marital regulation following the strike and has referred to as on international locations abroad to battle off the assault. He was pictured on the bottom in Kyiv immediately. 

Protests are happening in main cities world wide immediately in solidarity with Ukraine. On Friday, it was reported that over 1,700 protestors had been arrested in Russia. 

The crypto neighborhood has additionally decried Russia’s assault on Ukraine over the previous couple of days. Sam Bankman-Fried, Vitalik Buterin, and others spoke out in opposition to the battle this week. “Reminder: Ethereum is impartial, however I’m not,” Buterin tweeted after declaring that he was “very upset by Putin’s determination” in a tweet written in Russian. 

16:47 UTC Replace: The PR staff for Ministry of Digital Transformation of Ukraine responded to Crypto Briefing in an e-mail to verify that the request was authentic. “Sure, we verify — the communications channels of the Ministry Of Digital Transformation of Ukraine and Minister Mykhailo Fedorov are safe. We’re not hacked. That is official place and messages we need to share,” an e-mail learn.

Disclosure: On the time of writing, the writer of this function owned ETH and a number of other different cryptocurrencies.

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