Ukraine has received nearly $100 million worth of cryptocurrency donations, according to a report from CoinDesk.
What Happened: Alex Bornyakov, Ukraine’s Deputy Minister for Digital Transformation, revealed that over $60 million of the funds had been sent to the main fund run by Ukrainian cryptocurrency exchange Kuna.
The rest of the funds have been sent to several smaller funds, Bornyakov said in an emergency online briefing entitled “Digital Resistance: How Ukraine Is Leveraging Technology to Fight for Freedom.”
Crypto assets proved extremely helpful in facilitation of funding flows to the Amed Forces of Ukraine. Huge thanks to everyone who donated to the Crypto Fund of Ukraine.
Each and every helmet and vest bought via crypto donations is currently saving Ukrainian soilders’ lives. pic.twitter.com/CghDmXEcJG
— Alex Bornyakov (@abornyakov) March 11, 2022
The donations funded the purchase of 5,550 bulletproof vests, 410,000 packed lunches, 500 helmets, and 60 walkie-talkies, besides thousands of medicines and thermal devices, according to data shared by…
