One of the most popular cryptocurrency exchanges in the world FTXgives $25 to every Ukrainian account holder registered on the platform. Said support, the CEO of the company Sam Bankman-Fried (also known as SBF) via his Twitter account. In his tweet, Bankman-Fried said:
“We gave every Ukrainian $25 on FTX, do whatever you have to do.”
we just gave $25 to each Ukrainian on FTX
do what you gotta do
— SBF (@SBF_FTX) February 24, 2022
The tweet received more than 39,000 likes and was retweeted more than 4,630 at press time. This support is based on the latest exchange rates of each Ukrainian FTX user. 745.50 Ukrainian hryvnia It means that he will receive a currency worth of money.
The move is the latest in the global crypto community’s show of support for Ukraine’s struggle against the Russian invasion, which began in the early hours of February 24. So far, with support pouring in from all corners of the world, the crypto community has raised over $4M for Ukraine. bitcoin managed to collect
Cryptocurrencies amid geopolitical turmoil
In addition, Russia connects more than 11,000 financial institutions worldwide. SWIFT faces numerous consequences for his actions, including the possibility of exiting the payment network. This move will limit the transfer of funds from abroad to Russian banks and will deal a major blow to the country’s economy. However, if the sanction were actually implemented, some believe that Russian billionaires could switch to Bitcoin to avoid the coup.
FTX US president Brett Harrison noted the short-term concern about the recent developments with Russia and Ukraine and the overall market slowdown, but also explained that private crypto markets are booming despite the gloomy geopolitical situation.