Binance Donates $2.5m in Crypto to UNICEF as Crypto Donations Surge

Key Insights:

• Binance makes a crypto donation to UNICEF in aid of Ukrainian children.
• Crypto support for Ukraine continues to surge as Russia’s invasion extends into the 12th day.
• Donations in crypto to Ukraine approach $100m.

Donations to the Ukrainian government and charities to support the Ukrainian people continue to roll in. Russia’s invasion of Ukraine has now extended into the 12^th day, with Russia calling on Ukraine to surrender.

The continued invasion has also seen governments from around the world pledge fund to support the Ukrainian government.

Binance Makes Crypto Donation to UNICEF

On Sunday, UNICEF announced a Binance crypto donation equivalent to $2.5m to help the children of Ukraine. According to the announcement, UNICEF will use the proceeds to “support the organization’s life-saving work for children and their families in Ukraine and in hosting countries.”

According to UNICEF, 17 children have died and 30 injured since 24^th February, with the actual number likely to be higher. UNICEF also estimates that “half a million children have already fled Ukraine to neighboring countries.”

Binance CEO CZ said: “The rate at which this conflict is escalating has shocked the world. To think just over a week ago Ukraine’s children were laughing, playing, and attending school; now we are hearing of children casualties, thousands forced to flee or take shelter; it’s heartbreaking. We’re grateful for our ongoing collaboration with UNICEF, which with the support of the Binance community, provides emergency relief to help ease some of the suffering these children and their families are facing.”

The collaboration between Binance and UNICEF is an extended one. Previously, Binance has supported the COVID-19 vaccination effort (COVAX) and donated in response to the 2020 Beirut Explosion. The explosion killed more than 200 people and wounded more than 7,000.

In total, UNICEF is appealing for $276m for its Ukrainian efforts and an additional $73m to aid children in neighboring countries.

Binance Donations Among Many in Support of Ukraine

Last week, Binance Charity donated $10m to governmental organizations and NGOs to help refugees and children in Ukraine and bordering countries. Binance also set up a Humanity First – Ukraine Emergency Relief Fund to support the Ukrainian people.

At the time of writing, total funds raised stood at 179.84 BTC, approximately $6.9m. The Fund has a target to raise $19.99m. Binance Charity accepts donations in BNB, BUSD, Bitcoin, and Ethereum.

By Sunday, total crypto donations to Ukraine had reportedly exceeded $83.5m. According to the report, the UkraineDAO has raised $13.38m, with Come Back Alive raising $14.43m.