A bitcoin wallet listed by a charity organization claiming to support the Ukrainian military has received so far more than 19 bitcoins, or +700k USD, according to data gathered from Blockchain.com.
This specific Bitcoin address has been active since at least August 2021. However, the majority of the 600 recorded transactions took place in February, many of them in the last 48 hours.
On Thursday, Putin has launched a full blown military assault on Ukraine. Russian forces recently captured numerous key positions and cities, including the infamous Chernobyl power plant. The Western countries have imposed sanctions on Russia as the offensive continues.
The group collecting the funds, called “Come Back Alive,” claims to be assisting Ukraine’s military efforts. The wallet in question has already disbursed $150k worth of bitcoin it has received so far.
“All funds received by the Charitable Foundation are used exclusively for the needs of the army,” the organization states on its website, pointing to a live spreadsheet used for reporting transactions.
According to a post calling for donations to support Ukraine’s armed forces, the country’s ministry of defense cannot accept crypto donations under national legislation.
Another bitcoin wallet, this one set up by the Ukrainian English-language news publication Kyiv Independent, has received so far around $5.5k in donations. The publication said the donations will help to continue reporting on the conflict.