Ukraine invests military aid in bankrupt crypto The allegations that the exchange FTX did so were refuted by representatives of the Ukrainian government. 15}
Kyiv officials describe claims that Ukrainian investment in FTX is funding democrats as nonsense
Ukrainian digital transformation Deputy Minister for Formations Oleksandr (Alex) Bornyakov has rejected claims that one dollar in his war-torn country was sent to aid one of the largest cryptocurrency exchanges currently under bankruptcy proceedings is invested in FTX.
Rumors circulated on social media last week, with comments linking the alleged investment in FTX to donations made by the troubled coin trading platform to the Democratic Party of the United States.
#BREAKING ⚡️🇺🇦UKRAINE “MILITARY AID” FROM USA – WAS INVESTED IN CRYPTO “FTX” BY UKRAINE!
— UKR REPORT (@UKR_Report) November 12, 2022
Since the start of the Russian military invasion in late February, the Ukrainian government and voluntary organizations have relied heavily on foreign aid to fund their defense and humanitarian assistance. Millions of dollars have been raised through cryptocurrency donations.
A dedicated portal to raise digital fundsAid to Ukrainewas launched in his March. According to the company’s website and Twitter account, 6000, a figure announced in May, in various digital currencies, including 600 BTC, 10,000 ETH, and $15 million. Over $10,000 has been received. USDT.The current balance of BTC addresses provided by this initiative is just over 0.08 BTC.
This foundation includes his three major staking services his provider Everstake, FTX, and Ukrainian cryptocurrency exchange Kuna. We had a great crypto partner. FTX has been adopted to convert donated digital assets into fiat currency, Bornyakov explained in a tweet posted on Monday. He also said, “The whole story is… nonsense.”
A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations into fiat in March. Ukraine’s gov never invested any funds into FTX. The whole narrative that Ukraine allegedly invested in FTX, who donated money to Democrats is nonsense, frankly 🤦♂️
— Alex Bornyakov (@abornyakov) November 14, 2022
According to the latest Ukrainian aid report published in July, the bulk of the cryptocurrency raised was for military equipment such as his rifle scopes and thermal imagers and radios. used for acquisition. Communication kits, armor vests and helmets, miscellaneous clothing and field rations, and fuel. More than $5 million has been funded for global anti-war media campaigns.
A study conducted by blockchain analytics firm Chainalysis and TRM Labs found that pro-Russian groups also accept donations through cryptocurrency exchanges, which are used to support the Russian side in military conflicts. It was revealed that it was able to raise millions of dollars in a digital coin
Image Credits: Shutterstock, Pixabay, Wiki Commons, Alex Bornyakov. Source: Twitter, @abornyakov