As Vladimir Putin pushes unrelentingly to overhaul Ukraine, quite a few segments of the broader society have stepped up to do what they can from their end to assist the individuals of Ukraine, together with crypto firms.

Just a few days in the past, the main crypto exchange FTX mentioned it gave out USD 25 to every Ukrainian consumer. “Do what you gotta do,” the FTX boss Sam Bankman-Fried mentioned in a tweet, the place he introduced the transfer.

Now, extra bulletins are coming in.

In the early morning (UTC) of February 26, the main crypto exchange announced that they’ve made a USD 1m donation to the Red Cross.

In the announcement tweet, CEO Kris Marszalek wrote: “Our thoughts are with the people of Ukraine and innocent bystanders in the ongoing conflict,” including:

“We urge our community to do what they can to support humanitarian efforts.”

The CEO shared a hyperlink to the International Committee of the Red Cross (ICRC)’s website, the place donations could be made. Red Cross accepts a number of totally different fiat currencies, bank cards, and PayPal, in addition to single or monthly donations.

“The [ICRC] – together with its partners in the Red Cross and Red Crescent Movement – remains active in Ukraine, saving and protecting the lives of victims of armed conflict and violence,” says the website.

Meanwhile, Peter Smith, the CEO and co-founder of one other widespread crypto platform, Blockchain.com, said on the identical day that fees on the platform have been waived for buying and selling and swapping crypto for Ukrainian customers, effective immediately.

As reported, crypto has been proving itself to be a helpful technique to raise cash for organizations in Ukraine, as banks implement new restrictive measures, and at least one fiat-based fundraising service has suspended donations to a Ukrainian non-profit.