FTC issues tips on donating to Ukraine by crypto

You may have heard that the government of Ukraine is receiving donations by cryptocurrency. Unfortunately, scammers have heard this too and they’ve been posting on social media, as well as sending direct messages, to trick people into sending them money.

We’ve heard reports of dishonest people setting up accounts on cryptocurrency exchange platforms. They’re lying and saying that any donations they collect will help people in Ukraine. But instead of using the official government of Ukraine’s wallet address, they’re using their own — and the money is going straight to scammers. Especially in these hard times, people want to know the money to help people in Ukraine is going where it’s needed, and not getting wasted on scammers.

Read the full blog post in English or en español.