Home News Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape...

Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

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Total crypto donations recorded across the government of Ukraine wallet addresses, nonprofits, and relief operations hit $108 million on Wednesday. The official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, as well as a BTC donations address for Come Back Alive, were the top three receivers of such funds.

On the same day, Kraken said that it will donate more than $10 million to humanitarian efforts to clients who opened accounts in Ukraine before March 9th. Ukrainian Kraken clients will receive $1,000 in BTC during the first round of fund payout, regardless of their account level. Withdrawals of up to $1,000 were also exempt from currency exchange fees. Regarding the aid package, Kraken CEO Jesse Powell said:

“Cryptocurrency is a crucial humanitarian instrument. Particularly at a time when many people all around the world are unable to rely on traditional banks and custodians.”

The money will be delivered over the course of the year, in order to give Ukrainians time to complete Kraken’s “intermediate” know-your-customer verification process. Ironically, fees earned from Kraken accounts in Russia will help pay the humanitarian package.

BAYC join the fundraising

On Wednesday, the Bored Ape Yacht Club, or BAYC, joined the crypto fundraising efforts for Ukraine. The creators behind BAYC announced that after collecting approximately $1 million in ETH from wallets carrying a BAYC nonfungible coin, they would match the donation with a $1 million ETH donation of their own.

Binance’s Ukraine Emergency Relief Fund, which has received nearly $11.3 million in Bitcoin, Ethereum, Binance Coin (BNB), and Binance USD since its creation, is another noteworthy contribution. Furthermore, it looks that Kuna’s Crypto Fund of Ukraine received almost $14 million in key altcoins like as Polkadot (DOT). As well as Tether (USDT), Candle, USDC, and DAI during its most recent update on March 3.

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