Feminist Co releases statement on $51,000 donation withdrawal

The Feminist Coalition has released a statement on the withdrawal of $51,000 donation from their Bitcoin wallet.

Recall that the Feminist Coalition gained major publication for their involvement during the EndSars protest in October, 2020.

The organization through its public donated funds, helped with the provision of medical bills, foods, and transportations. Also, they provided legal assistance to protesters who were arrested by security operative during the protest.

During the EndSARS protest, the organization in a statement, said that their bank made available by the coalition for public donations was frozen by CBN, which resulted to the use of their bitcoin address to further the donation for the EndSARS movement.

The Bitcoin address which was made public for donations became more popular after Twitter CEO Jack Dorsey asked people to donate via the address.

However, there’s an ongoing speculation online as the Coalition has allegedly withdrew $51,000 worth of bitcoin from their donation wallet on March 4.

Reacting to the speculations in a recent statement, the Feminist Co gave a breakdown of their spending’s, which revealed the withdrawn cash had been allocated since October last year.

Addressing why the money had not been withdrawn since, Feminist Co explained that they had received the proceeds from the sale of the Bitcoin since last year, but the transaction wasn’t verified till the 5th of March, 2021.

See statement below;

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