Aid for Ukraine's $54M crypto fund buys vests, scopes, and UAVs
The crypto community has poured in an impressive $54 million worth of crypto funds through “Aid For Ukraine," aimed at supporting the country's military efforts against Russia, the Ukrainian Deputy Prime Minister has revealed.
The $54 million has been funneled in through the Ukrainian government-run initiative 'Aid For Ukraine', according to Ukraine's Deputy Prime Minister Mykhailo Fedorov’s Twitter post on Thursday, who thanked the crypto community for their support:
According to the Ministry of Digital Transformation of Ukraine, Aid For Ukraine’s $54 million has mostly come in the form of 10,190 Ether (ETH), worth $18.7 million, 595 Bitcoin (BTC), worth $13.9 million, Tether (USDT) worth $10.4 million and USD Coin (USDC), worth $2.2 million.
The crypto payments have gone towards military equipment, hardware, and munitions, including $11.8 million worth of unmanned aerial vehicles (UAVs), which are typically used to spot enemy troops and direct attacks.
A significant sum of the donations was also spent on armor vests at $6.9 million, along with $3.8 million on field rations, $5.2 million on anti-war media campaigns, and $5.0 million on “weapons of the [Ukraine] Ministry of Defense request”, among other military and medical accessories.
With $54 M raised by @_AidForUkraine, we've supplied our defenders with military equipment, armor clothes, medicines and even vehicles. Thanks to the crypto community for support since the start of the full-scale invasion! Donation by donation to the big victory. Report below. pic.twitter.com/lifHAP8R4f
“Crypto is playing a significant role in Ukraine’s defense”, said Deputy Minister of Digital Transformation of Ukraine Alex Bornyakov on the government-tied donatiowebsite.
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