Ukraine Cancels Recently Announced Airdrop Following Fraudulent Activities - TheNewsCrypto

• Etherscan identified a bogus airdrop that had already begun.
• Ukraine’s contribution wallet is said to have received $40 million in crypto donations.

On Wednesday, Fedorov notified the Ukrainian public that the nation has chosen to postpone an airdrop for crypto donors announced on Tuesday and intended to raise additional money by selling non-fungible tokens (NFTs).

As the situation in Ukraine worsens as a consequence of Russia’s invasion, the nation has resorted to cryptocurrency. Ukraine’s official Twitter account provided a Bitcoin (BTC) and Ethereum (ETH) wallet address on Saturday as part of an appeal to the crypto community for assistance.

$NFT Airdrop Announced

When a bogus account produced 7 billion “Peace World Tokens,” it seemed to be the official airdrop token for crypto contributors in Ukraine’s crypto airdrop program on Wednesday. An hour before the declared start time, Etherscan identified a bogus airdrop that had already begun. It wasn’t until a few hours after this announcement that Fedorov said Ukraine would be using NFTs instead of any fungible tokens.

On Crypto Twitter, there was a discussion on how much money the official Ukrainian crypto wallet got as donations following the airdrop announcement. The minister didn’t say why the airdrop was canceled, but some in the crypto world were angry at the reversal, while others, like Twitter star Cobie, found comedy in the incident.

On Wednesday, Ukraine revealed the airdrop, which had been supported by the crypto community and millions of dollars in digital asset contributions. The official contribution wallet has since included Polkadot and Dogecoin addresses in response to a request from the crypto community. According to reports, Ukraine’s official contribution wallet is said to have received $40 million in crypto donations.