Aid for Ukraine! Kraken offers $1,000 upon registration, Bored Ape Yacht Club donates one million US dollars worth of Ether.

After two weeks of conflict between Russia and Ukraine, the total amount of cryptocurrency donations flooding into Ukraine globally has reached $108 million. The top three wallets receiving donations are the official Bitcoin address of the Ukrainian government, an Ethereum wallet address, and the Bitcoin donation address of the non-governmental organization "Come Back Alive."

The U.S. cryptocurrency exchange Kraken announced that in response to the Ukraine crisis caused by Russia's invasion, it is preparing an ambitious aid program to distribute over $10 million directly to affected clients. The relief effort will run from March 9th to July 1st, 2022. Users who have established a Kraken account in Ukraine before March 9, 2022, are eligible to receive $1,000 in Bitcoin, which can be withdrawn immediately from the exchange without currency conversion fees.

Jesse Powell, CEO of Kraken, stated, "Cryptocurrency remains an important humanitarian tool, especially when many around the world can no longer rely on traditional banks and custodians."

In addition, the most expensive NFT collection, Bored Ape Yacht Club (BAYC), also joined the crypto fundraising efforts for Ukraine on the 9th. Developers behind BAYC announced that nearly $1 million in Ether has been collected from wallets containing BAYC, and the full amount will be donated, stating, "Seeing our community come together to support Ukraine is inspiring!"

Furthermore, according to Cointelegraph, Binance's Ukraine Emergency Relief Fund has received over $11.3 million in crypto donations, including Bitcoin, Binance Coin, and Binance USD. Kuna's Ukraine Crypto Fund has received over $14 million in altcoins, including Polkadot (DOT), Tether (USDT), Candle (CNDL), USD Coin (USDC), and DAI.

This article is reproduced with permission from Horizon News Network