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Millions of dollars in bitcoins have been donated to support Ukrainian military groups

REUTERS/Gleb Garanich

Cryptocurrency prices have rebounded after the US government imposed harsh economic penalties in response to Russia's invasion of Ukraine. The news of the invasion first sent Bitcoin and other cryptocurrencies plunging, but among all the dread and gloom, there are suddenly voices of optimism in the crypto world.

Come Back Alive, a non-profit group has received over $400,000 in Bitcoin donations. An unknown donor just contributed 80 BTC to a charity group assisting the Ukrainian army, which is worth over $3 million at current pricing. The local army receives military equipment, as well as medical and food supplies, from the NGO.

Ukrainians who have created an account on the FTX cryptocurrency platform are eligible for a $25 bonus, in fact On Twitter the FTX CEO Sam Bankman-Fried remarked

"we just gave $25 to each Ukrainian on FTX do what you gotta do"

Also the Ethereum co-founder Vitalik Buterin called into question, the Russian national has spoken out against Russia's invasion of Ukraine and advocated for a peaceful conclusion.