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Ukrainian volunteer group raised $4 million in cryptocurrency

Ukrainian is actively fighting for its freedom and independence from the Russian Federation!

The Ukrainian crypto community reaches out to their international friends and peers. The Ukrainian crypto community is helping the army and activists fight in the streets of Ukrainian cities.

And according to a newspaper report, a group of Ukraine volunteers raised $4 million in crypto amid the Russian invasion.

Ukrainian volunteer group raised $4 million in crypto

“We know that victory and justice are on our side. We do everything to ensure that the Russian occupiers do not take our freedom.”

These are the words of the Ukraine crypto community asking to support their country to be able to stop Russian aggression!

London-based blockchain analyst Elliptic’s report to a group of Ukrainian volunteers supporting the country’s army through the device has raised over $4 million since Russia attacked Ukraine on Thursday, February 24, 2022 Receive community funds in the form of bitcoin.

“Cryptocurrencies are increasingly being used for crowdfunding, with the tacit approval of governments.”said Tom Robinson, chief scientist at Elliptic, which sells blockchain analysis tools to banks and cryptocurrency platforms.

Donations to volunteer groups began to surge with threats of Russian attacks. After the attack, unknown sources transferred a huge sum of money.

Ukrainian volunteer group Come Back Alive received a huge cryptocurrency donation in a short period of time

Come Back Alive is a Ukrainian military support organization founded in 2014 and has been accepting crypto donations and receiving bitcoins through online money transfers since 2018.

Come Back Alive is a Kiev-based organization whose mission is to support the Ukrainian Armed Forces, including drones and sniper rifle scopes, by providing medical kits and safes.

In the past two days, organizations like the Kiev-based nonprofit Come Back Alive have been inundated with donations.

According to information reported by the leaker, the team received $3 million from a Bitcoin donation. However, they all have no source to send such a large amount of money as mostly bitcoin and other crypto tokens are traded through unknown avenues.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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