CEO of Ukrainian Crypto Firm Denies FTX–Ukraine Money-Laundering Allegations

CEO of Ukrainian Crypto Firm Denies FTX–Ukraine Money-Laundering Allegations
A smart phone screen displays the logo of FTX, the crypto exchange platform, with a screen showing the FTX website in the background in Arlington, Va., on Feb. 10, 2022. Photo by Olivier Douliery/AFP via Getty Images
Andrew Moran
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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.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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