So if I use a bank to transfer funds, that means I 'invested' in the bank. Found Ukraine used FTX to convert donated crypto into fiat for deposit into Ukrainian bank
Ukraine government partnered with FTX for crypto to fiat donations
“Aid for Ukraine,” which has the backing of crypto exchange FTX, staking platform Everstake and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved.
FTX is converting donations into fiat for deposit at the National Bank of Ukraine, a press release said. It described this relationship as a “first.”
https://unusualwhales.com/news/ukraine-government-partnered-with-ftx-for-crypto-to-fiat-donations
“FTX is converting donations into fiat for deposit at the National Bank of Ukraine, a press release said. It described this relationship as a “first.””
The above is not “investing” in FTX.
Again people who read but cant think.
Keeping a cut. You are correct that Ukraine did not "invest" in FTX. Nor did Ukraine send money to FTX AFAIK. But FTX helped Ukraine get donations from various parties and kept a cut of those.