Security News > 2022 > March > 'Help Ukraine' crypto scams emerge as Ukraine raises over $37 million
The development follows Ukraine's successful effort of raising over $37 million in crypto donations from all around the world amid the country's ongoing invasion by Russian troops.
'Help Ukraine' crypto donation scams on the rise.
What makes these scams particularly dangerous is their appeal to emotion that unwary recipients may not be able to resist, especially at a moment of need for Ukraine.
The fact that the government of Ukraine is actively seeking crypto donations in Bitcoin, Ethereum, and other forms of crypto from all over the world may inadvertently lend credibility to such scams.
Ukraine raises over $37 million in crypto donations.
In what can be described as the first-ever large-scale crypto crowdfunding effort from a national government, Ukraine has thus far raised over $37 million in Bitcoin, Ether, Tether, and other altcoins.