Sam Bankman-Fried — the founder of cryptocurrency exchange FTX that enables its users to trade in cryptocurrencies including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) — has expressed his support for Ukrainian account holders on FTX after Russia’s invasion of Ukraine.
What Happened: Bankman-Fried took to Twitter (NYSE:TWTR) to say that FTX has given $25 to each Ukrainian account holder on the cryptocurrency exchange.
we just gave $25 to each Ukrainian on FTXThe tweet has received more than 24,000 likes and was also retweeted over 3,000 times, as at press time.do what you gotta do
— SBF (@SBF_FTX) February 24, 2022
Based on current exchange rates, each Ukrainian account holder on FTX will receive currency worth 745.5 Ukrainian hryvnias.
The cryptocurrency community has also been donating toward the Ukrainian military. The total Bitcoin donations have reached a value of about $961,862, as per a wallet tracked by blockchain analytics and compliance firm Elliptic.