$120 million and counting: How the 'first crypto war' is unfolding in Ukraine


Did Russia’s invasion of Ukraine spark the first ‘crypto war’?

Digital assets raised since the beginning of March allowed Ukraine to provide its army with bulletproof vests, packed lunches, thermal imagers helmets.

As Ukraine inches toward the fourth week of fighting off Russian forces, Ukrainian officials are continuing to leverage cryptocurrencies to raise funds against Russian President Vladimir Putin’s efforts.

Within the first three days of launching a website the Ukrainian government raised $56 million out of their $200 million goal,  in addition to the $63.8 million officials raised with Come Back Alive, a Ukrainian nongovernmental organization, according to Elliptic, a blockchain analysis firm. 

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