The Ukrainian armed group Come Back Alive received $400,000 in bitcoin donations in one day after Russia launched an armed attack on Ukraine, blockchain analysis firm Elliptic found on February 25.
Jess Symington, head of research at Elliptic, said, “Since August 2021, they’ve received very, very few donations — not a lot at all; maybe $4,000 or $5,000 a month. Then all of a sudden, donations start around February 22nd. Soaring.” Come Back Alive received about 370 individual donations on Thursday, with the average amount being between $1,000 and $2,000.