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Prabhjeet Bhatla
Feb 25, 2022
by Prabhjeet Bhatla

A Ukrainian NGO Received $3M in Bitcoin From a Single Donor

Ukraine Russia NGO
People began donating cryptocurrency to the Ukrainian army as Russia invaded Ukraine, and in the last 24 hours, more than $400,000 worth of Bitcoins had been contributed to just one outfit.

According to statistics from blockchain and crypto analytics firm Elliptic, Come Back Alive, a Ukrainian NGO that raises crypto donations for the Ukrainian army, collected more than $400,000 worth of digital tokens in the last day.

According to Fortune, the average donation is between $1,000 and $2,000, and the group has received at least 317 individual donations in the last two days.

On social media networks like Twitter and Facebook, pro-Ukraine and pro-crypto communities have also participated.

Over the last year, the Ukrainian Cyber Alliance has received about $100,000 in Bitcoin donations.

Ukraine's Ministry of Defense has also established a designated bank account to accept legal currency donations for its troops.

Fears of a Russian invasion of Ukraine have caused cryptocurrency prices to fall in the last two weeks, with the market losing $150 billion in value since Putin ordered a specific military action against Ukraine.

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A Ukrainian NGO Received $3M in Bitcoin From a Single Donor
Prabhjeet Bhatla
Prabhjeet Bhatla is a cryptocurrency writer covering startups and a researcher since 2020. She has authored many articles for Entrepreneur India and APAC (digital and print) on cryptocurrency and ever-evolving Blockchain, the technology behind Bitcoin, and other cryptocurrencies. She specializes in applied cryptography, privacy-enhanced information storage systems, anonymous cryptocurrencies, elliptic curve crypto-systems, and satellite television piracy.