What Happened to Crypto Worth $54M Donated to Ukraine?

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Crypto donations from around the world worth 54 million used to buy lethal weapons for the war in Ukraine .

Ukraine spends $11,887,936 on purchasing unmanned ariel vehicles, how was the rest of the money spent?

The war between Russia and Ukraine began in 2014 spilling over to an out-rightwar in 2022 . This forced Ukrainians to become refugees in neighboring nations. Russia launched a full-scale attack from all directions on Ukraine starting on 24th of February this year .  .

A system breakdown on Ukraine’s donation website on Wednesday revealed that the government spent 54million to buy armery.The donations from crypto were  to buy lethal weapons. Minister Mykhailo Fedorov published about the breakdown with an aim of promoting transparency. The breakdown also revealed how the government officials had earlier communicated with the coin desk about buying drones

Aid For Ukraine is cooperating with FTX . The foreign exchange company  converts the received crypto funds into fiat and sends the donations to the National Bank of Ukraine. The country spent US$6.9 million on armored vests and US$5.7 million on computer hardware and software.

After the exposure of the government buying lethal weapons, citizen-government officials stated that they promote honesty and transparency in the nation

Bornyakov, a government official is commited  to transparency and accountability . This will allow the individuals who donated cryptocurrency to see exactly how their donations have been used. He then said that Russia had made countless hacking efforts to have knowledge on the weapons bought .

we have decided not to reveal some sensitive information until we have won the war.

Ukraine bought 213 UAVs, spending $11,887,936 on the unmanned ariel vehicles revealing that most of the money was spent on them .  Minster Bornyakov  also stated that ” some of the donations were used to purchase non-lethal equipments  to support the military  such as bulletproof vests, night vision goggles, military-grade food rations and medical equipment that helps with hemostasis such as tourniquets.”

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