Ukraine Cancels Crypto Airdrop, Plans to Sell NFTs Instead

  • Ukraine’s Vice Prime Minister, Mykhailo Fedorov, has announced that the country’s crypto airdrop has been cancelled.
  • Instead, he stated that Ukraine would have NFTs to support the country’s armed forces.

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Ukraine’s Vice Prime Minister, Mykhailo Fedorov, has announced that the country’s crypto airdrop has been cancelled. The airdrop was scheduled to begin today at 6 p.m. Kyiv time. However, he Tweeted, “After careful consideration we decided to cancel airdrop. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens.”

The airdrop was first announced on the country’s official Twitter account on Wednesday. Since then, however, government officials have provided no additional information or announcements about the planned event. The official Twitter account of the Ukrainian government had previously posted information about the country’s cryptocurrency donations. Official updates from the Ukrainian government’s Twitter account have been transferred to Fedorov’s account since yesterday.

The Peaceful World token, which was rumoured to be airdropped by the Ukrainian government, is suspected to be a forgery and has been flagged by Etherscan as a problem address. Etherscan stated that this token is misleading because it appears to have been sent from a well-known address, which is prone to fraud.

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According to PeckShield, the airdrop was performed not from Ukraine, the scammers sent a majority of the WORLD to the address of Ukraine, then transferred tokens from the address of Ukraine to other addresses as one can see in the image below. The airDrop transaction hash is 0x331a2f77f4765f62194869601ebed9a8f7cd62ff79d6bc4e693729b8d47367bf and the Peaceful World token contract address is 0x5183f41477c6EE95F88351D9EC17AA415D3F60Ba.

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The government has received more than $10 million in Bitcoin and $16 million in Ethereum, according to blockchain records. To date, more than $50 million has been raised in cryptocurrency.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.

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