< img src="https://i0.wp.com/dailyhodl.com/wp-content/uploads/2022/02/crypto-donations-two.jpg?fit=1365%2C800&ssl=1" alt =""> A top crypto company says non-governmental organizations (NGOs) and volunteer groups have raised $4.2 million worth of crypto contributions for Ukraine in the 2 days since Russia launched an intrusion into their neighboring country.

According to the blockchain analytics and compliance company Elliptic, one NGO received a $3 million donation in Bitcoin (BTC) on Friday.

One of the Ukrainian NGOs receiving crypto contributions, called “Come Back Alive,” was suspended by the membership platform Patreon for supporting military activity with its donations.

“The group now offers a variety of military devices, training services and medical products. It even moneyed the advancement of a drone-based reconnaissance and targeting system for Ukrainian artillery.”

The analytics company speculates the Patreon suspension might have driven a boost in Bitcoin donations.

In addition, a brand-new Ethereum-based token project, Assist Ukraine, was launched on February 24th to offer crypto contributions to the country. The job has been promising Ethereum (ETH) to a fundraising event entitled “Assistance Ukrainian Sovereignty,” which says it will disperse funds to numerous Ukrainian charities.

Sam Bankman-Fried, the billionaire founder and CEO of FTX, says on Twitter that his exchange has contributed $25 to every Ukrainian on FTX. It’s unclear if Elliptic’s crypto donation tracking has actually taken that development into account.

Elliptic likewise keeps in mind that it appears crypto fraudsters have been attempting to siphon funds far from genuine charitable companies by mimicking tweets and links from actual relief efforts.

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