Ukraine has cancelled its upcoming airdrop for crypto donors scheduled today. Earlier as reported by CoinGape, the airdrop event was likely targeted by a phishing attempt. The country will instead issue NFTs to thank its crypto donors, at an unspecified time.
The move comes as what seemed like an early distribution of newly minted tokens by the government turned out to be a phishing attempt through Ukraine’s Ethereum wallet. The cancellation was announced by Vice Prime Minister Mykhailo Fedorov in a tweet-
The country’s Ethereum wallet had appeared to be distributing a newly minted token called Peaceful World (WORLD). But twitter users had swiftly called the token out for being spoofed, and a possible scam.
The country had announced the airdrop on Wednesday as total crypto donations crossed $50 million. A snapshot was set to be taken at 6 PM Kyiv time (11 AM ET) on Thursday. An airdrop is a promotional tactic used by a blockchain project, where it distributes free tokens to increase engagement with the platform. The tactic had clearly worked for Ukraine, with the country seeing a slew of microdonations on Ethereum after the announcement.
Ukraine also began accepting several altcoins, including popular memecoin DOGE. The country’s ethereum wallet is currently valued at about $12 million, according to the latest data from Etherscan.
Ukraine has been at the forefront of crypto adoption in the wake of the Russian invasion, becoming the first country in the world to officially solicit donations through crypto. Crypto trading volumes among the populace also spiked after the hryvnia crashed and electronic payments were taken down by the invasion.
But the country has also attempted to weaponize crypto against the invading force. Fedorov had recently called on major exchanges to block Russian users entirely- a move that was rebuked by the crypto community. The government had also offered crypto bounties for any information on any information regarding the wallets of Russian and Belarusian politicians.
The CLARITY Act has advanced after the U.S. Senate Banking Committee voted in favor of…
Strive, Inc. said it will start paying the daily dividends on its Variable Rate Series…
The world's leading derivatives exchange, CME Group, announced plans to roll out the Nasdaq CME…
Interactive Brokers, with over $800 billion in assets under management, has announced the launch of…
Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX's official USDC…
Marex Group, a Nasdaq-listed diversified financial services firm, has revealed a massive XRP exposure, becoming…