Bitcoin donations to the Ukrainian military are increasing, as Russia invades the country

Various organizations, businesses, and individuals have made contributions in support of the Ukrainian Army.

Come Back Alive, a Ukrainian military supplier and NGO received BTC donations worth up to $400,000 in just 24 hours.

The most intriguing part occurred just a few hours ago when someone donated $3 million in BTC to the organization in support of its military.

Various organizations and businesses have made contributions in support of those who may be affected by the war.

These donors hope to help the Ukrainian army with military weaponry, drones, medical supplies, and facial recognition software to identify Russian spies.

As we said in one of our previous blogs, world leaders and important individuals have spoken out against Russia's "illegal" acts against Ukraine.

Among them was Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, who has shown his support for Ukrainian account users on the site by awarding each Ukrainian customer $25. following Russia's invasion of Ukraine.

We just gave $25 to each Ukrainian on FTX", Bankman-Fried stated.

Bankman-Fried further says; "And more importantly, there might be war. That's really bad for the world. Fuck all this price stuff. Go outside and do something nice for someone. Seriously, do something nice. The world could use it."

Also, Vitalik Buterin, the co-founder of Ethereum, expressed his support for Ukraine, calling Russian President Vladimir Putin's actions a "crime against the Ukrainian and Russian people."

Also speaking from Washington, D.C., US President Joe Biden announced further sanctions against Russia, promising that the country will pay a "heavy price" for its invasion of Ukraine.

"Putin is the aggressor; he picked this war, and now he and his country are paying the price," Biden added.

The penalties target four Russian banks with assets above $1 trillion, including Sberbank, the country's largest bank. "Every asset they have in America would be frozen," declared US President Joe Biden.