Cryptocurrency donations have been poured into a non-profit organization that gives support to the Ukrainian army after Russia launches a large-scale attack in Ukraine. More than $ 5 million in Bitcoin has been raised. Meanwhile, the group fundraising page in Patreon was suddenly removed.
Crypto Donations Soar After Russia Invaded Ukraine
One of the largest non-governmental organizations (NGOs) provides support to the Ukrainian military, returning to life, has received more than $ 5 million in Bitcoin’s contribution after Russia launched large-scale offensive towards Ukraine.
Established in 2014, Kyiv-based groups provide support to the Ukrainian army, including various military equipment, training services, and medical supplies.
Donations for the BTC address listed on the organization’s website soared Thursday after Russia launched a full-scale military attack on Ukraine. At the time of writing, the wallet address has received 131.78144015 BTC.
Analysis of all donations to the address shows that 2,207 total donations 126.04304091 BTC received from February 24 to the end of February 25. At the current Bitcoin price of $ 39,676.51 Based on data from Bitcoin.com market, the contribution is accepted since Feb. 24 worth more than $ 5 million.
In comparison, the wallet only received 1,60976481 BTC (76 donations) on February 23, and 0.42272864 BTC (25 donations) on February 22.
Patreon Removes Come Back Alive’s Fundraising Page
Meanwhile, returning the fundraising page on Patreon has been removed by the platform.
Return Director Alive Taras Chmut told CNBC in an interview that the group received a small amount for several months from his page in Patreon, and then more than $ 300,000 rolled after Russia began to attack Ukraine.
However, when he tried to transfer money to pay for the equipment, he found that the organization’s page in Patreon was removed. He contacted a platform that said it looked into this case.
Chmut utilizes, “We have people who are dying because they don’t have body armor,” adding that Ukraine is not a rich country, and back alive has helped the army accept the equipment they need.