Russia and Ukraine Those who want to send support to Ukraine against the war between cryptocurrency prefer units. Although the cross-border function of cryptocurrencies is sometimes useful, it seems that this time others want to use the situation to their advantage.
Others here are, of course, scammers who want to take advantage of the cryptocurrency industry. According to the latest information, a significant part of the structures established under the name of aid to Ukraine have the target of fraud.
Donations Made to Ukraine May Not Go To Ukraine
Blockchain research company TRM Labs According to the information provided by at least 50 cryptocurrencies focused donation company contains “net fraud” details. TRM Labs emphasized that the companies and structures in question never sent the funds they obtained to the Ukrainian authorities. The authors of the study stated that these still represent a small fraction of the total donation volume.
According to the information conveyed, especially non-profit donation institutions have collected $ 48 million, and it is stated that this comes via BTC and ETH. It is seen that the funds obtained in total are around 50 million dollars.
TRM Labs, in total 33 cryptocurrencies stressed its use. If Ukraine is in the total amount of donations recently, when the donations coming through the state channels are added, 100 million dollars had passed. Especially the popular altcoins that have been added recently have also increased the amount of donations.