Ukraine spends $54 million in crypto on drones and other military software

Ukraine’s deputy prime minister said the country is spending its crypto donations on drones, armored vests and military software.

The Russian invasion

Mykhailo Fedorov, Ukraine’s deputy prime minister, shared yesterday how it spent the $54 million in crypto donations. Most of the money went to drones, $11.8 million to be exact. In addition, the country spent $6.9 million on armored vests and $5.7 million on computer hardware and software.

Thanks to the crypto community for all the support since the beginning of the Russian invasion.

-So Fedorov tweeted.

According to the organization, more than $60 million in crypto donations have poured in since Russia invaded Ukraine. The donations were made possible by Aid For Ukraine, a non-profit organization powered by crypto exchanges FTX, Everstake, Kuna and Ukraine’s Ministry of Digital Transformations.

Crypto donations in Ukraine

Crypto has been a major player since the invasion began. People all over the world, even from Russia, were able to support Ukraine. On February 26, the Ukrainian government shared Bitcoin, Ethereum, and Polkadot addresses to donate. A week later, the government received a total of $50 million in crypto donations.

The donations included $5 million from Polkadot co-founder Gavin Wood and $200,000 from CryptoPunk. In addition, there was a $1.26 million donation from Julian Assange through the sale of an NFT. Vitalik Buterin, the Russian-Canadian co-founder of Ethereum, donated $2.5 million Ethereum to Aid for Ukraine.

“The donation is worth 31,000 medical kits, 364,000 medical supplies and 585 radio kits and stations for the Ukrainian army.

– According to the non-profit organization.

“While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain technology.” Fedorov tweeted.

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