Wednesday, May 29, 2024
HomeLaw & PoliticsSam Bankman Fried supports Ukraine in raising crypto donations

Sam Bankman Fried supports Ukraine in raising crypto donations

In the midst of Russia’s invasion of Ukraine, FTX CEO Sam Bankman Fried has stepped up to assist with a crypto donation project. He announced that TX will support the Ukrainian Ministry of Finance and other groups in collecting crypto donations for the country. Across $60 million in cryptocurrency contributions have been sent to the Ukrainian government from all over the world.

The CEO of FTX, Sam Bankman Fried, said that the war in Ukraine is still ongoing. The nation urgently needs humanitarian support as well as access to global financial infrastructure. He said that cryptocurrency exchanges should take the government’s announced measures seriously. Previously, the CEO of FTX highlighted the rise of the cryptocurrency ecosystem in Ukraine as well as how fiat currencies have become less expensive as a result of the Russian invasion.

However, the conflict between the two nations has shaken mankind and the global economy. A group of countries has imposed sanctions in order to put pressure on Russia’s government. Meanwhile, this has resulted in widespread use of and dependence on cryptocurrency.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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