FTX and Everstake Launch Crypto Fundraising Site for Ukraine

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The Ukrainian Ministry of Digital Transformation today revealed, in collaboration with FTX and Everstake, the launch of a main crypto fundraising website called Aid for Ukraine to assist speed up contributions to the war-torn country.

Currently, contributions to Aid for Ukraine can be made in BTC, ETH, USDT, DOT, SOL, DOGE, XMR, ICON, EOS, and NEO.

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FTX CEO Sam Bankman-Fried initially revealed the collaboration recently.

Since Russia got into on February 24, more than $60 million in cryptocurrency has actually been contributed to Ukraine’s federal government, according to information assembled by the blockchain tracker Elliptic

In overall, over $93.6 million in cryptocurrency has actually gone to Ukrainian entities, both federal government and non-government, because the start of the dispute, the bulk in Ethereum, according to information from analytics company Merkle Science.

Aid for Ukraine stated all funds raised through the website will straight go to the country’s militaries and to civilians looking for humanitarian support.

In an individually conversation at this year’s Camp Ethereal, sponsored by Decrypt, Bankman-Fried talked to Australian theorist and animal rights activist Peter Singer about crypto usage in Ukraine.

“If there’s a tank outside your bank,” Bankman-Fried stated, “you’re going to be more underbanked than you believed you were, so I believe it’s been truly been cool to see [crypto] offer a worldwide monetary lifeline.”

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