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April 7, 2022

Vitalik Buterin Donates $5M in Ethereum To Ukraine

According to recent reports, Vitalik Buterin, the creator and co-founder of Ethereum, has contributed $5 million to Ukrainian charity. Few days ago, Vitalik Buterin donated $5 million in Ethereum to two Ukrainian charity.

He did not personally declare the donations; instead, Aid for Ukraine and Unchain Fund announced them on April 6.

Each charity received $2.5 million from Buterin. Buterin donated the donations in three 750 ETH, 250 ETH, and 500 ETH transactions from his Ethereum address, vitalik.eth, according to transaction logs.

The Ministry of Digital Transformation in Ukraine is in charge of Aid For Ukraine. Buterin’s donation was recognized on Twitter by Alex Bornyakov, deputy minister of that department: “Special gratitude to Vitalik Buterin for standing with Ukraine,” he wrote.

Buterin has made previous comments about the war between Russia and Ukraine, including on February 23, when he called the fighting a crime against the Ukrainian and Russian people. On March 9, he claimed that other wars aren’t a valid reason for not caring about Ukrainians.

“Ethereum is neutral, but I am not,” the Ethereum founder posted, publicly distancing himself from the Ethereum Foundation’s views.

Other members of the crypto sector, both individuals and businesses, have also contributed. Binance has pledged a $10 million donation to Ukrainian relief. Ukraine users who registered within a particular window received $1,000 in Bitcoin from Kraken.

Back in March, Jack Dorsey, the founder and CEO of Block Inc. and former CEO of Twitter, gave $7 million to Ukraine through his charity initiative #StartSmall.

The Ukrainian government has now received more than $66 million in bitcoin donations, according to SlowMist. Another $37 million was donated to charity, bringing the total to $103 million.

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Military supplies, refugee assistance, and basic commodities including food, water, and gas are said to have been purchased with the monies.