Everstake, a Ukraine-based cryptocurrency firm, has found itself in the crosshairs of an alleged relationship involving Kyiv, U.S. Democratic politicians, and the beleaguered FTX crypto exchange that has captured the attention of Washington officials.
As part of efforts to generate more funds for the war effort, the Ukrainian government launched “Aid for Ukraine,” a website that accepted cryptocurrency donations that would be converted into fiat money and then deposited at the National Bank of Ukraine. The contributions would be used to purchase a wide range of essential items, from medical supplies to military clothing.