Sam Bankman-Fried Of FTX & KSE To Raise $10M In Crypto Donations For Ukraine| BTC, USDT, SOL, LTC, ETH, AVAX, TRON Accepted

1 min read

  • FTX partners with Kyiv School of Economics (KSE) to raise funds for Ukrainian civilians.
  • The goal is to raise USD 10,000,000.
  • Bitcoin and other cryptocurrencies are also accepted for donations.

The CEO of the cryptocurrency exchange FTX, Sam Bankman-Fried, has posted on Twitter that the organization has joined hands with the Kyiv School of Economics (KSE). The collaboration aims to raise an amount of USD 10,000,000 to supply essential things to the Ukrainian residents.

Since the Russian invasion, Ukraine has been receiving help in donations worldwide. The country also started accepting donations in Bitcoin, and there has been a surge ever since. Last week, Ukraine received $3 million in a single bitcoin donation. Elliptic shared a report that within 2 hours, a Kyiv-based NGO raised a fund worth $400,000.

KSE, along with several Ukrainian organizations and state-owned companies, is launching a campaign for humanitarian aid.

“The aim is to purchase necessary non-military supplies, first aid and protective kits for the State Emergency Service of Ukraine, Ukrainian Paramedic Association, and the Ukrainian Territorial Defense Forces – – mostly civilians who have volunteered in their country’s time of need – to shield them against Russian aggression.”

Donators can raise their support via Card payment, Bank Transfer, and crypto. KSE will be accepting a number of digital currencies as donations, including BTC, USDT, SOL, LTC, ETH, AVAX, and TRON.

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