• The crypto community — including several major crypto companies — have come together to pledge over $9 million in donations to help the victims of the earthquakes in Turkey and Syria.
• Companies such as Binance, Bitfinex, KuCoin, OKX, Tether and Avalanche Fundation have all donated money to the relief efforts.
• Crypto executives are encouraging others to join the fundraising effort and show that cryptocurrency can be a force for good.
Crypto Community Sends Millions To Turkey Following Earthquakes
The past few days have seen massive earthquakes devastate both Turkey and Syria with thousands of casualties reported so far. In response, the global crypto community has united to send millions of dollars worth of digital assets in aid for those affected. Several major cryptocurrency companies, including Binance, Bitfinex, KuCoin, OKX and Tether have committed over $9 million towards this cause along with an additional $1 million from Avalanche Fundation.
Death Toll Continues To Rise
The death toll from the earthquake continues to grow with current reports showing over 7,000 killed and more than 20,000 injured. The crypto industry is rallying together to provide support for these people during their time of need by creating a relief fund specifically for them.
Avalanche Foundation Donates $1 Million
Leading this charge is Avalanche Foundation’s executive director Aytunc Yıldızlı who has pledged an additional $1 million worth of AVAX tokens towards disaster relief in the area. Yıldızlı asserts that this a crucial moment where crypto enthusiasts need to show that they are a force for good during times like these by donating what they can.
Binance CEO Encourages Donations
Binance’s CEO Changpeng Zhao also noted his support for this initiative saying that these tragedies should not go unnoticed or unsupported by our industry which is why he encourages others to donate whatever they can as well.
In conclusion it is clear that members of the global cryptocurrency community are coming together in times of need like this one in order to provide hope and support through monetary donations . This is an admirable display especially when considering how much devastation has been caused by these disasters thus far