Cyberpolice in War-Torn Ukraine Joins Government in Accepting Crypto Donations

The cyberpolice of Ukraine is working to tackle cyberattacks that could potentially emerge from Russia and its allies amid the war circumstances.

Cyberpolice in War-Torn Ukraine Joins Government in Accepting Crypto Donations

Photo Credit: Reuters

Russia launched a military offensive against Ukraine on February 24

Highlights
  • Ukrainian cyber police accepting donations in Tron and Polygon
  • Ukraine has gathered over $42 million (roughly Rs. 320 crore) in crypto
  • Collected crypto funds to also reach other Ukrainian armed forces

Ukraine's cyberpolice has decided to seek help from the global crypto community under the backdrop of Russia intensifying war tactics in the neighbouring nation. In a bid to gather emergency funds, the government of Ukraine begun accepting crypto donations last week and has collected over $42 million (roughly Rs. 320 crore) since, as per blockchain analytics firm Elliptic.

The cyberpolice unit of Ukraine is now accepting donations in Bitcoin, Ether, Tether, Tron, Polygon, and Binance Coin, a report by Bitcoin.com said.

Amid the ongoing war, the cyberpolice of Ukraine is working to deflect cyberattacks which could potentially emerge from Russia and its allies.

The collected cryptocurrencies will be distributed among other wings of the Ukraine's armed forces as well, including the National Police, the National Guard, the State Border Guard Service, and the State Emergency Service among others.

Ukrainian authorities have also requested crypto miners to connect their equipment with the officially listed Ether and Bitcoin wallet addresses.

Unregulated and decentralised in nature, cryptocurrencies can facilitate instant cross-border transfer of funds. Crypto transactions are also largely untraceable.

The constant attacks on Ukraine on the orders of President Vladimir Putin have not only caused infrastructural damages, but have also costed the lives of several innocent individuals.

As a welcome gift, the Ukraine government is planning to airdrop crypto tokens to its donors.

Ethereum network explorer Etherscan has identified that seven billion units of newly created Peaceful World tokens, also denoted as WORLD, have been wired into the official crypto donation wallet set up by Ukrainian authorities which could be airdropped.

Up until now, Ukraine has not officially revealed much details about this awaited crypto airdrop despite confirming its plans on Twitter.


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Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More
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