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Ukraine Uses $70M Crypto Funds for Defense Against Russia

Published 03/07/2022, 03:11 AM
Updated 03/07/2022, 03:30 AM
Ukraine Uses $70M Crypto Funds for Defense Against Russia
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  • Ukraine has received over $70M in cryptocurrency since the war began.
  • Most of these donations have been in Bitcoin and Ether.
  • The country is using most of these funds for army support.

Since the attacks on the country began later last month, Ukraine has received nearly $70M in cryptocurrency, reports SlowMist. Mykhailo Fedorov, Vice Prime Minister of Ukraine, mentioned in a Twitter (NYSE:TWTR) post on Friday that they had received over $50M in crypto. The country has reportedly spent most of this money on military supplies, including bulletproof vests.

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