Crypto donations soar to groups backing Ukraine's government - report

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo

LONDON (Reuters) - Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces, according to a report showing such groups received more than $550,000 worth of cryptocurrency in 2021.

The report, published on Tuesday by blockchain researcher Elliptic, suggests digital currencies are growing in importance as a funding method for volunteer groups backing Ukraine's government as fears of an attack by Russian troops https://www.reuters.com/world/europe/kremlin-denies-putin-told-macron-there-will-be-no-new-manoeuvres-near-ukraine-2022-02-08 massed near its border grow. Moscow denies planning an attack.