Sam Bankman-Fried, CEO of FTX, said that the exchange gave $25 to every Ukrainian user.
The billionaire wrote "do what you gotta do" on Thursday after announcing the FTX donations.
—SBF (@SBF_FTX) February 24, 2022
Humanitarian organizations are ramping up efforts to help those in Ukraine with funding and essential supplies. Cryptocurrencies have played a role.
According to data from Elliptic, volunteer groups and NGOs have raised over $1 million incryptocurrencies.
Russian forces invaded and Ukraine declared martial law, leaving citizens with limited access to foreign currency and cash.
The volume of trading in the Ukrainian currency for the tether surged to the equivalent of $290,000, the highest since October.
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