This low-profile character of fundraising, together with the broad global condemnation of Russia’s actions, might be the reason for much smaller amounts raised: Crystal says that crypto donations for the Russian military only brought about $2 million in crypto, though other estimates show higher amounts. In February, Chainalysis found $5.4 million of donations both to Russian military units and to propaganda resources, and Binance told CoinDesk it located over $7.2 million worth of such donations.
Source: https://www.coindesk.com/consensus-magazine/2023/07/27/ukraine-has-raised-225m-in-crypto-to-fight-russian-invasion-but-donations-have-stagnated-over-the-last-year-crystal/?utm_medium=referral&utm_source=rss&utm_campaign=headlines