Anyone wishing to support the country and its people can donate Bitcoin, Ethereum and the dollar-based cryptocurrency USDT, Ukraine’s official Twitter account reported on Saturday.
After crypto assets worth several million dollars were collected in the first few hours, the donations to the Bitcoin and Ethereum address alone have grown to almost 15 million dollars.
More than 16,000 individual transactions have arrived at the two addresses since it was called up a few days ago.
On Tuesday, the government also announced that it would accept donations of the cryptocurrency Polkadot and published a corresponding address on Twitter.
Another ten million dollars were transferred to the Ukrainian organization Come Back Alive, collecting funds to train and strengthen the Ukrainian army since Russia annexed the Crimea peninsula in 2014.
The Russian punk band Pussy Riot, which has always been critical of Putin, is a co-initiator and announced the sale of the NFT on Twitter.
The fact that a war on European soil will become the first significant test for cryptocurrencies to prove their usefulness in practice is seen by many in the crypto community as a sad irony of fate.
But there are also warning voices.
Before making a transfer, you should check whether the Twitter account of the Ukrainian leadership or other people calling for donations is genuine and has not been hacked.
These are often slightly modified fake accounts intended to lure people into the trap with the same profile picture and slightly different account names.
Is this a reaction to the sanctions against Russia? Finally, cryptocurrencies, which do not require banks or the Swift communication system for transmission, can circumvent the sanctions.