According to reports, the world community donated Ukraine almost $30 million in ether, bitcoin, and tether after the Ukrainian government issued an appeal for crypto donations last weekend.
Although cryptocurrency exchange Coinbase wasn't available for users from Russia before the war, a spokesperson for the US-based exchange told Newsweek that the company is "blocking relevant IP addresses services being provided in prohibited jurisdictions." FTX CEO Sam Bankman-Fried supported Ukrainians saying the exchange will donate $25 to each citizen.
Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine, earlier called on cryptocurrency exchanges to block users from Russia and Belarus. However, not all believe that this step will help the country to end the war. For instance, Kraken CEO Jesse Powell tweeted that despite "deep respect for the Ukrainian people" the exchange can't freeze accounts without a legal requirement to do so.
Not everyone is neutral though. According to Chinese blockchain reporter Colin Wu, FlexPool, the fourth largest ETH mining pool by hash rate, blocked mining resources coming from Russian IPs.
Ethereum's Co-Founder Vitalik Buterin earlier described the situation in Ukraine as "a crime against the Ukrainian and Russian people" with the NFT community calling for peace.
On February 24, Russia started a broad offensive in Ukraine. The Kremlin said that the length of Russia's "military operation" in Ukraine depended on how it progressed and on its aims, Reuters reports.