Did FTX send cryptocurrency to Ukraine?

While it's possible some individuals in the U.S. used FTX to send cryptocurrency to aid Ukraine, "there’s no evidence that FTX deliberately laundered those donations to Democrats ahead of the midterms," Meserole said.

How much did Ukraine lose with FTX's bankruptcy?

Analysts estimate that Ukraine lost more than $100 million with FTX’s bankruptcy. Currently, many are discussing why Ukraine has stored all those donations on a centralized exchange like FTX, since this is the riskiest way to store cryptos in a downturn market.

Why did Ukraine lose cryptocurrency donations?

Ukraine has lost all of the cryptocurrency donations that were given to Ukraine to fund the war. This happened due to the insolvency of the cryptocurrency exchange FTX. Here’s what you need to know: After the Russia-Ukraine war started, Ukraine partnered with cryptocurrency exchange FTX to help it receive donations in crypto.

What happened to crypto after the Russia-Ukraine war?

After the Russia-Ukraine war started, Ukraine partnered with cryptocurrency exchange FTX to help it receive donations in crypto. This was a much-needed source of war-funding for Ukraine, as it had lost access to traditional financial markets.