These 3 crypto-assets make up 85 % of the crypto donations of $ 70 million to Ukraine: report
These 3 crypto-assets make up 85 % of the crypto donations of $ 70 million to Ukraine: report
On February 24, 2022, Russia started the military offensive against Ukraine. After completing a war year, Chainalysis created a report that pursues crypto donations to Russia and Ukraine.
The Report says that Ukraine has received almost 70 million dollars and pro-Russian $ 5.4 million at Crypto donations last year. have.
crypto donations to Ukraine
The donations to Ukraine mainly came to ETH, BTC, USDT and USDC, with their shares 28.9 million dollars, $ 11.5 million or $ 1.2 million.
Around 80 % of the crypto donations came in the first months of the war. A Chainalysis report of March 28, 2022 revealed that crypto worth almost $ 56 million was received from Ukraine at this point.
Another Chainalysis paper identified about 50 Pro-Russian groups that have collected crypto donations worth $ 2.2 million, Cryptopotato in July. The latest document says that the number of these groups at the end of a war year and the collections rose to almost $ 5.4 million.
sanctions and ransomware attacks
In a year, according to the Chainalysis report, Russian oligarchs and institutions were unable to use cryptocurrencies to avoid sanctions, apart from small transactions.
"Our results indicate that the markets for cryptocurrencies with quite a certain certainty are too illiquid to support mass circumstances of Russian sanctions, although this does not mean that these activities do not take place in a different way," says the report.
Pro-Russia hacking groups, however, made $ 456.8 million away in 2022, according to another Chainalysis report that is mapped.
"Ransomware attacks were often used by bad actors for political purposes, and we saw many examples during the Russia Ukraine War. For example, Conti, a productive ransomware group based in Russia, has received about $ 66 million from victim Report.
donations to Turkey and Syria
Krypto Companies immediately sent and promised to donate the Turkey and Syria requested by the earthquake. Ripple has promised $ 1 million in humanitarian aid, while Binance donated $ 5 million to the accounts of its users in Turkey.
until February 15 had crypto companies sent donations of over $ 9 million to Turkey and Syria.
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