Russian President Vladimir Putin recently Ukrainelaunched a special military operation against , and hundreds of civilians have already lost their lives.
The crypto money industry came to the aid of Ukraine, and large amounts of crypto money were donated in just one day. bitcoin it was crypto money that came to the rescue here.
Bitcoin Donations Raining in Ukraine
Ukrainian soldiers, who have been fighting with Russia since Wednesday night, received significant support. According to information provided by blockchain analysis company Elliptic, “Come Back Alive” a charity called in a single day $400,000 Bitcoin collected donations.
Although the organization in question is not directly affiliated with the army, it is located in Kiev and provides supplies and materials to the Ukrainian army.
Cryptocurrency donations in support of the Ukrainian armed forces are soaring – with almost $400,000 received so far today.
Learn more about the crypto-crowdfunding of the Russo-Ukrainian War, in this recent @elliptic blog: https://t.co/aTRwTsOkTj pic.twitter.com/Wefb7jRRdW— Tom Robinson (@tomrobin) February 24, 2022
While Elliptic had $400,000 worth of BTC in this wallet when it was first reported, now the amount is much higher.
Looking at the wallet address in question, it can be seen that it holds more than $808,000 in BTC and has received more than 900 donations. 780 of the transfers took place yesterday.
Elliptic also tracked other donations to Ukraine-based nonprofits. According to the information conveyed, Come Back Alive has been receiving significant donations, especially since the end of 2021.
The Come Back Alive team also said in a statement on Facebook on Wednesday that $ 685,000 donations were collected in a single day. It is stated that $ 300,000 donations were collected through Patreon.
All this clearly shows what the cryptocurrency industry is willing to take to help one another in a possible crisis.