Celsius Once Solicited Donations for Ukraine. Here’s What Happened Next.

The reality is this is closer to a case of much ado about nothing. Celsius didn’t receive a material amount of funds from its donation drive, and what little bitcoin it did get it sent on to Ukraine. The ether stayed in the wallet, but in the amount in question is the equivalent of a rounding error. The firm’s poor public image, however, and the choice to use its own wallets and not well-publicized Ukrainian wallets, encourages some conspiracy theory narratives.