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ARTICLE · 23 MARCH 2022

No Surprise That Cryptocurrency Is Being Funneled To Ukraine!

Computerworld.com reported that "More than 120,000 cryptoasset donations totaling about $63.8 million have been funneled to Ukraine since the start of the Russian invasion...

United StatesTechnology

Computerworld.com reported that “More than 120,000 cryptoasset donations totaling about $63.8 million have been funneled to Ukraine since the start of the Russian invasion, according to according to Elliptic, a blockchain analysis company.” The March 16, 2022 report entitled “How cryptocurrency is being used to funnel money to Ukraine” included these comments from Alex Gladstein (chief strategy officer at The Human Rights Foundation):

There are close to two million Ukrainians that have fled into Europe and other countries and they had to do so quite rapidly,…

Think about a middle-class family. You probably have some stocks and own a house or part of a house. You can't bring any of that with you. Ukraine is the fourth most crypto-friendly country in the world in terms of per-capita ownership, so those who fled probably were able to take advantage of an asset that could just go with them.

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