Russian Opposition Starts Donating Crypto to Ukraine

The West is increasingly concerned over Russia’s possible use of cryptocurrencies to circumvent sanctions; hence, some Russians employ their Bitcoin (BTC) to support the Ukrainian people.

Pavel Muntyan, a prominent Russian animation producer and creator of Mr. Freeman’s animated web series, has called on anti-war Russians to help Ukrainian citizens amid Russia’s ongoing military attack on the country.

Muntyan took to social media to promote the opening of a cryptocurrency donation address for Russians who want to help Ukrainian people anonymously; as Russia has prohibited its citizens from helping people in Ukraine.

On Sunday, the Prosecutor General’s Office of Russia officially cautioned that any assistance to Ukrainians amid Russia’s “special operation” in the country would be considered high treason. Russians stake jail time of up to 20 years.

Various Crypto Channels Established in Ukraine

As such, Muntyan urges Russians to deliver financial support to those who have mourned from the military’s operations. Russians can now contribute with any tokens on the BNB Smart Chain, Polygon, Ethereum, HECO, and Avalanche blockchains; they can do this with crypto addresses without revealing their identity.

He emphasized that raised funds will only help innocent people and not support military operations.

At the time of the report, the donation address holds approximately $1,500 in Ether (ETH) and nearly $350,000 in Tether (USDT) stablecoin.

The Ukrainian government and several crypto companies have selected multiple cryptocurrency donation channels to support Ukraine. As of Monday, the number of public crypto donations sent to the Ukrainian government, military, and charities were approaching $40 million.