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Ukrainian Military Group Receives Thousands of BTC in Donations

Bitcoin donations to a pro-military Ukrainian group have overflowed in the past day.

Earlier, Russian President Vladimir Putin deployed what he termed a special military operation against Ukraine on Thursday morning. They have launched a series of missile attacks. Ukraine is now facing a full-scale invasion from Russia on three fronts.

Also, Ukraine braces itself against the further onslaught, blockchain analytics and compliance firm Elliptic noted earlier in the day that $400,000. Bitcoin had been donated to “Come Back Alive, A Ukrainian non-governmental organization based in Kyiv that distributes supplies to soldiers.

Ukrainian NGO Got Donations in BItcoin

The number continues to grow! At current prices, the address has amassed $808,521 in bitcoin. However, they transacted over 900 times on the Bitcoin blockchain. Most of the transactions have occurred in the past week. Also, a full $725,000 in bitcoin donations, spread across 780 transactions, have landed in the wallet since yesterday. The NGO also lists a bitcoin address under the contribution options on its website.

Moreover, in tracking today’s uptick in crypto donations, Elliptic added to a report detailing crypto donations to Ukrainian NGOs and volunteer organizations. The firm identified a number of wallets controlled by Ukrainian NGOs, finding the addresses brought in about $570,000 in bitcoin donations in 2021. Come Back Alive recently began seeing a surge in Bitcoin donations, receiving about $200,000 in crypto in the second half of 2021.

In addition, “Come Back Alive” has been crowdfunding for Ukrainian armed forces through a number of platforms. On Wednesday, it announced in a Facebook post that it had raised 20.5 million hryvnias, about $685,000, in a day. It has also raised $300,000 through Patreon, the platform. Since it has removed the NGO’s page and is investigating the campaign since the site does not allow the use of the platform to support the purchase of military equipment


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