Over $4M in Donations Raised Within 24-Hours in Support of Ukraine; Pussy Riot Launches UkraineDAO

A bitcoin wallet beprolongeding to a charity claiming to support the Ukrainian military has received more than 110 bitcoin in donations after the launch of a brand new DAO to help support the nation of Ukraine in the wake of Russian invasion.

UkraineDAO, a new decentralized autonomous organization launched by political activist and founding member of Pussy Riot, Nadezhda Tolokonnikova, alengthyside Trippy Labs and members of PleasrDAO, shared via Twitter its goal of raising funds to donate to Ukrainian civilian organizations beginning with the purchase of an NFT of the Ukrainian flag.

“Our goal is to raise funds to donate to Ukrainian civilian organizations who help those suffering from the war which Putin started in Ukraine,” Pussy Riot tweeted. “We’ll be buying an NFT of the Ukrainian flag. Much love and support to Ukraine.”

Pussy Riot first came together in 2011 as a feminist punk rock group from Moscow, known for staging guerrilla-style performances that advocate for LGBTQ+ rights and speak out anewst Vladimir Putin.

On Thursday, Russian president Vladimir Putin announced that Russia would be conducting a special operation in Ukraine, launching an attack anewst the nation. U.S. President Joe Biden pledged new sanctions to punish Russia for its aggression that the international community had expected but with no ability to resolve through diplomacy.

In a televised address, Putin approved its attack for purposes of protecting civilians in eastern Ukraine, accusing the U.S. and its allies of ignoring Russia’s demands to prevent Ukraine from joining NATO and for security guarantees.

Tolokonnikova says the NFT drop comprises 10,000 Ukrainian flags minted on Ethereum. One wallet in particular, belengthys to a charity claiming to support the Ukrainian military, which says its received more than 110 bitcoin rated at $4.2 million in donations.

Blockchain analytics company Elliptic released data showing one Ukrainian NGO was sent atop $3 million by a single donor. All funds raised will go to the Come Back Alive Foundation, which crowdfunds money to aid Ukrainian soldiers involved in the Donbas conflict.

Patreon blocks donations pending investigation

Yet, Patreon announced on Friday which it had blocked the Foundation’s access to its platform, saying:

“Patreon does not alflat any campaigns involved in violence or purchasing of military equipment, regardless of their cause. 

“We are investigating because of representations on their donation page for how the funds will be used,” a spokesman told CNBC.

The foundation is believed to provide technical support in the guise of thermographic cameras and night vision devices, aprolonged with other military equipment.

It is further provides training, psychological assistance, and medical aid, according to its Facebook page.

The Ukrainian gabovenment website has details of how to donate. Notwithstanding, citing “national legislation” it is unable to accept donations in token.

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