Russia has invaded Ukraine since February 24, 2022, taking control of various cities in the country. To overcome this invasion, which caused huge losses in human lives and property, Ukraine received the support of several countries around the world. And the crypto community did not miss the call: they poured out an impressive amount to help the Ukrainian population! Find out what the Ukrainian government has done with the cryptocurrency donations it has received.
$54 million in cryptos used for the defense of Ukraine
Through tweet on August 17, Mykhailo Fedorov indicated how the crypto donations were spent by Ukraine. It turns out that the $54 million in cryptos raised by Aid For Ukraine have made it possible to equip the defenders of the country. Overall, the funds were used to purchase military equipment, vehicles, armored clothing and medicines.
According to a Ukrainian government official, these crypto aids have played a “ important role in the defense of Ukraine ». Indeed, $ 11.8 million made it possible to buy drones, to carry out attacks. $6.9 million was used to purchase body armor. And Ukraine used $5.2 million to conduct anti-war media campaigns.
Having said that, deputy prime Minister of Ukraine Mykhailo Fedorov said: “ Every helmet, bulletproof vest and night vision device saves the lives of Ukrainian soldiers. Thus, we must continue to support our defenders. Thank you very much to all members of the crypto community for their support for Ukraine! ».
The Aid For Ukraine managed to collect $54 million in cryptos. This amount helped Ukraine enormously in the war against Russia. It must be said that the aid was paid in particular in ether (10,190 ETH) and bitcoin (595 BTC).
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Far from having cooled my ardor, an unsuccessful investment in 2017 on a cryptocurrency only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay information related to this ecosystem with my pen.