Crypto as a Survival Tool in War: Ukraine Raises Over $40 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Challenges in Fund Movement: During wartime, the closure of banks and blocked roads makes it extremely difficult to move money, leading many to rely on cryptocurrencies for quick transactions to obtain essential food and medical supplies in crises.
- Crypto Donations in Ukraine: Since Russia's invasion, Ukraine has raised over $40 million in cryptocurrency within weeks, which has been used to purchase food, bulletproof vests, and first-aid kits, highlighting the critical role of crypto in times of crisis.
- Complex Situation in Gaza: In Gaza, while cryptocurrencies provide a means for civilians to receive aid, they are also exploited by terrorist organizations to evade sanctions, illustrating the dual-edged nature of crypto.
- Need for Future Regulation: As the use of cryptocurrencies in wartime increases, governments are enhancing regulations, requiring crypto companies to track the sources of funds to prevent their use in illegal activities.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
