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Automatically translated version. May contain inaccuracies compared to the original.
🚫 Rep track from Fedorov
The level of cynicism from the Ministry of Digital Transformation and Fedorov in 2022, when they were manipulating crypto through the KUNA exchange.
📌 The Aid For Ukraine fund, which collected cryptocurrency donations for the military, was created by blockchain companies Everstake, Kuna, and FTX with the support of the Ministry of Digital Transformation.
To encourage the crypto community to send donations, they recorded a rap featuring the Minister of Digital Transformation, Mykhailo Fedorov. And they even used budget funds.
“Invest in peace, bro. It feels so good,” — a white dove rhythmically raps in English in an animated music video promoting the fundraising platform Aid For Ukraine. The creative product was produced by the Kyiv agency Bickerstaff. 734 commissioned by the Ministry of Digital Transformation of Ukraine and the software developer Everstake
On the now-removed website there was a patriotic appeal from Fedorov:
“Every helmet, bulletproof vest, and night-vision device saves the lives of Ukrainian fighters. That’s why we must continue to support our defenders. Sincere thanks to the entire crypto community for supporting Ukraine!”
The crowdfunding initiative’s website stated that Aid For Ukraine collaborated with the cryptocurrency exchange FTX, which converts the received funds into “physical” currency and sends donations to the National Bank of Ukraine.
Interestingly, the National Bank of Ukraine never received those funds from the Kuna exchange.
Were there legal grounds for this? De jure — no, because the cryptocurrency market is still not legalized, so their use is not regulated by any laws or regulations. But for the sake of the higher purpose — helping Ukrainians — the project’s website justified the “legality” by arguing that:
✔️ the initiative is supported by Ukrainian companies Everstake, FTX, Kuna, and the Ministry of Digital Transformation of Ukraine;
✔️ the Minister of Digital Transformation of Ukraine Mykhailo Fedorov and Everstake “confirmed this initiative on their Twitter.”
There is already a criminal case regarding Kuna. We are waiting for the same for the accounts at FTX.
💬 ABleaks_bot
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