Ukrainian government wallets received $48 million in crypto after partnering with exchanges FTX and Kuna and staking platform Everstake.
) “to support people in their fight for freedom.” Many parts of the country have been under attack by Russia’s military since Feb. 24.more than $48 million in crypto at the time of publication, roughly 24% of the platform’s $200 million goal. The funds will be sent to the National Bank of Ukraine and used for “ammunition and necessities” to support the country’s armed forces and humanitarian aid programs. Fiat donations to Ukraine’s central bank in various currencies are also accepted.
“Aid For Ukraine shows how the global crypto community and the traditional financial system can work together,” said Solana Labs co-founder Anatoly Yakovenko. “Crypto donations to the DAO are stored and governed on-chain, then transferred to FTX, a centralized exchange, to be sold for fiat USD sent via SWIFT to the Ukrainian government.”
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