Ukraine has spent more than $50 million on crypto for military spending

Mykhailo Fedorov, Ukraine’s deputy prime minister, detailed yesterday how $54 million of the country’s crypto donations were spent.

Unmanned aerial vehicles (or drones) accounted for the highest cost with $11.8 million. Next, the country spent $6.9 million on armored vests and $5.7 million on computer hardware and software.

With $54 M raised by @_AidForUkrainewe’ve supplied our defenders with military equipment, armor clothes, medicines and even vehicles. Thanks to the crypto community for support since the start of the full-scale invasion! Donation by donation to the big victory. Report below. pic.twitter.com/lifHAP8R4f

– Mykhailo Fedorov (@FedorovMykhailo) August 17, 2022

“Thanks to the crypto community for its support since the beginning of the large-scale invasion“, Fedorov tweeted.

More than $60 million in crypto donations have been made since Russia began its invasion of Ukraine, according to the organization.

The donations have been facilitated by Aid For Ukraine, a non-profit organization powered by the crypto-currency exchange FTX, Everstake, Kuna and the Ministry of Digital Transformations of Ukraine, supporting both humanitarian efforts and the armed forces of Ukraine.

Crypto has been a major player since the invasion began, giving people around the world a way to support Ukrainian efforts.

On February 26, the Ukrainian government tweeted Bitcoin addresses, Ethereum and Polkadot for donations to “stand with the Ukrainian people.“A week later, the government received a total of $50 million in crypto donations.

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14

– Ukraine / Україна (@Ukraine) February 26, 2022

The donations included $5 million from Polkadot co-founder Gavin Wood, a $200,000 CryptoPunk and a $1.26 million donation from the sale of an NFT from Julian Assange and digital artist Pak, according to a report from Elliptic.

Vitalik Buterin, the Russian-Canadian co-founder of Ethereum, has donated 2.5 million Ethereum to Aid for Ukraine, “d‘s value of 31,000 medical kits, 364,000 medical supplies and 585 kits and radio stations for the Ukrainian army.“, said the non-profit organization.

Using blockchain to its advantage, Ukraine’s Ministry of Digital Transformations has also launched The Meta History Museum of Warpresenting NFTs ready for purchase of recent chronicles of war events and facts.

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

While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech. @Meta_History_UA NFT-Museum is launched. The place to keep the memory of war. And the place to celebrate the Ukrainian identity and freedom. Check here: https://t.co/IrNV0w54tg

– Mykhailo Fedorov (@FedorovMykhailo) March 25, 2022