On Wednesday, crypto donations to Ukrainian government wallets, charities and relief efforts tracked by Cointelegraph totaled $108 million. The three largest recipients of this money are the official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Government of Ukraine, as well as the address of the BTC donation to Come Back Alive.
On the same day, Kraken announced that it will provide more than $10 million to customers who open an account from Ukraine before March 9 to provide assistance. Regardless of their account balance, Ukrainian Kraken customers will receive $1,000 in BTC each during the fund’s first payment tranche, which can be withdrawn immediately. The exchange has also waived currency exchange fees for withdrawals of up to $1,000. Jesse Powell, CEO of Kraken, commented on the aid package as follows:
“Cryptocurrency remains an important human tool, especially at a time when many around the world can no longer rely on traditional and custodial banks.”
The money will be distributed over a year, in part to give Ukrainians time to complete Kraken’s KYC verification process. Ironically, the fees charged to Russia’s Kraken accounts will partially cover the aid package.
Bored Ape Yacht Club or BAYC also joined the crypto fundraiser for Ukraine on Wednesday. After it raised nearly $1 million in ETH from wallets containing a non-functional BAYC token, BAYC developers stated that they would match the fee with a separate donation of $1 million in ETH.
Other notable contributions include the Binances Ukraine Emergency Relief Fund, which has received over $11.3 million in BTC, BNB and Binance USD since its inception. In addition, during the last update on March 3, it was revealed that the Ukraine Kunas Crypto Fund received more than $14 million in major cryptocurrencies such as Polkadot (DOT), Tether (USDT), Candle (CNDL) and USD Coin (USDC). . DAI (DAI).