• Crypto community has donated over $9 million in digital assets to Turkey following the earthquakes.
• Major companies such as Binance, Bitfinex, KuCoin, OKX and Tether have pledged donations to help the victims of the disaster.
• Avalanche Foundation has also joined the fundraising efforts by donating another $1 million in AVAX tokens.
Crypto Community Donate Millions To Turkey Following Earthquakes
The crypto community was quick to respond after reports of massive earthquakes in Turkey and Syria resulted in thousands of casualties with some predicting that the death toll will continue to rise. Major crypto companies such as Binance, Bitfinex, KuCoin, OKX, and Tether have pledged over $9 million in donations to help those affected by this tragedy.
Avalanche Foundation Joins Fundraising Efforts
Apart from the initial responders mentioned above, Avalanche Fundation also joined the fundraising efforts by donating another $1 million in AVAX tokens and encouraged others to donate what they can. The project’s executive director Aytunc Yıldızlı said that these funds would help people recover faster in the wake of this tragedy and added that it is a time for the crypto world to come together and show everyone that it is a force for good and a sign of hope.
Binance CEO Supports Earthquake Relief Efforts
Binance’s CEO Changpeng Zhao commented on the situation stating that the earthquakes have had a devastating effect on many families and businesses in Turkey so it is their duty to support relief efforts where they can. He went on to say that he hopes other businesses will join them and do whatever they can for those affected too.
Donations Reach Over $2 Million
As more cryptocurrency companies pledge their donations, relief funds have now reached over $2 million which will go towards helping those affected by this tragedy get back on their feet again. This shows how powerful cryptocurrency can be when used for humanitarian causes like these.
Crypto Industry Unites For Good Causes
This incident shows how unified and supportive the crypto industry can be when it comes to helping out with good causes such as relief efforts for natural disasters like this one. It is inspiring to see how quickly major players came together to provide assistance during times of need which could not be done without cryptocurrency technology today.