Ukraine’s cryptocurrency donation campaigns have shown how the digital currency can play a role in aiding military and humanitarian support during the war. While Elliptic and Chainalysis estimate Ukraine to have received $50M in cryptocurrency donations, a new report from TRM investigators claims the total funding is more than $135.7M.
According to TRM investigators, Ukraine has received more than $135.7M in the form of cryptocurrency between February 22 and March 28. The number is based on an analysis of about 50 crypto-donation campaigns being run to aid Ukraine since the start of Russian invasion on February 24. The investigation also shines light on new approaches to raising funds and dozens of scams.