Ukraine continues to report a significant inflow of cryptocurrency donations, with the value heading to the $30 million mark, according to a report by Finbold on Monday.

  • Data from blockchain analytics firm Elliptic discloses that the Ukrainian government and NGOs have raised over $17.2 million in crypto donations.
  • Crypto exchange Binance is also spearheading $10 million in emergency funds towards supporting Ukrainians affected by the war, bringing the total confirmed donations to $27.2 million.
  • Changpeng Zhao, Binance CEO, stated that the company is donating $10 million towards humanitarian assistance.
  • The donations are targeting different organizations, including non-governmental organizations and government organizations, for military support and humanitarian initiatives.
  • The donations are still ongoing, and the value might even be higher than $27.2 million in cryptocurrency.

Ethereum co-founder Vitalik Buterin is among people who have been advocating for crypto donations in support of a number of humanitarian initiatives. BTC USD up +2.20%