Welcome to Nonfungible Tidbits. Our focus this week: Russia’s war in Ukraine.
In addition to uprooting the lives of Ukrainians and throwing the international order into chaos, the Russian invasion has created a proving ground for some of the most ambitious — and cynical — use cases for cryptocurrency. On the one hand, crypto has become a tool for individuals and organizations to provide charitable support and donations to Ukrainians (as well as a new frontier for online scammers). But there are reports of Russian oligarchs using the technology to evade an increasingly aggressive bevy of financial sanctions. We’ll also look at the sale of an NFT of the Ukrainian Flag to support Ukraine — a project backed by a member of the Russian punk band PussyRiot.
Our other stories include scams trying to exploit donations to Ukraine, and how some cryptocurrency exchanges are handling the sanctions against Russia.
Cryptocurrency donations worth millions raised for Ukraine
