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Donations of Bitcoin (BTC) to the Ukrainian army have skyrocketed

Donations of Bitcoin (BTC) to the Ukrainian army have skyrocketed since Moscow started a large-scale operation against Ukraine yesterday. Currently, approximately $400,000 in BTC has been contributed to Come Back Alive, a Ukrainian non-governmental organisation that supports the armed troops. The new batch of crypto donations builds on a previous trend in which hundreds of thousands of dollars have poured into Ukrainian NGOs and volunteer groups attempting to stave off a Russian invasion, with the contributions only increasing now that the country is officially under attack. Many activists have used BTC for a wide range of purposes, including providing military weapons, drones, and medical supplies to the Ukrainian army, in addition to supporting the creation of a face recognition tool meant to ascertain whether someone is a Russian spy or mercenary. Another organisation, the Ukrainian Cyber Alliance, has received about $100,000 in BTC, LTC, ETH, and a variety of stablecoins in the last year. Since 2016, Alliance activists have often carried out different cyberattacks against potential Russian targets. Pro-Russian separatists, on the other hand, have been soliciting funds in BTC from the beginning of the conflict.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.

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