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Since Moscow invaded on Feb. 24, over 102,000 cryptoasset donations, totaling $54.7m, have gone to the Ukrainian government and Come Back Alive, an NGO providing support to the military, according to new data from blockchain analytics firm Elliptic. Donations have also come in the form of nonfungible tokens and stablecoins like tether.
“Cryptocurrency is particularly suited to international fundraising because it doesn’t respect national boundaries and it’s censorship-resistant — there is no central authority that can block transactions, for example in response to sanctions,” said Elliptic’s chief scientist, Tom Robinson.
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