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Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

Published 03/09/2022, 01:01 PM
Updated 03/09/2022, 02:40 PM
© Reuters

On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds are the official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive.

The same day, Kraken announced that it would distribute over $10 million to clients who created an account from Ukraine before Mar 9 for relief efforts. Regardless of their account balance, Ukrainian clients of Kraken will receive $1,000 in BTC each during the first tranche of fund disbursement, which ca be withdrawn immediately. The exchange also waived currency exchange fees for withdrawals of up to $1,000. Jesse Powell, Kraken's CEO, gave the following remarks regarding the aid package:

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