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$4.1 million in cryptocurrency funneled to Ukrainian military since Russia invaded

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Russian army military vehicles are seen in Armyansk, Crimea, on February 25, 2022.

Stringer | AFP | Getty Images

Donations being funneled to the Ukrainian army in cryptocurrencies like bitcoin are in the millions of dollars, according to new data from blockchain analytics firm Elliptic.

Research shows that $4.1 million in crypto has been raised by nongovernmental organizations and volunteer groups in Ukraine since the invasion began, including a single $3 million donation early Friday.

On Thursday alone, one NGO received over $675,000 in bitcoin, and by Friday morning, that number had ballooned to more than $3.4 million thanks to that one-off $3 million donation.

For years, volunteer groups…



Source cnbc.com

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