• The crypto community – including major companies such as Binance, Bitfinex, KuCoin, OKX and Tether – have pledged over $9 million in donations to the survivors of the massive earthquakes in Turkey and Syria.
• Avalanche Foundation further donated $1 million in AVAX tokens to aid the relief efforts.
• Many executives from the crypto space, including Changpeng Zhao (CEO of Binance), have expressed their support for those affected by this tragedy.
Crypto Community Donates Millions for Earthquake Relief
The last few days have been marked by reports of massive earthquakes in Turkey and Syria which resulted in thousands of casualties. In response, the crypto community — including several major crypto companies — banded together to create and fill a relief fund for those affected. So far, some of the leading names in crypto have pledged over $9 million in donations to help the earthquake victims.
Avalanche Foundation Pledges Additional $1 Million
Apart from these initial responders, Avalanche Fundation also joined the fundraising efforts by donating another $1 million in AVAX tokens, inviting others to donate what they can. The project’s executive director, Aytunc Yıldızlı commented that Turkey is close to the heart of the Avalanche Foundation and community, and these funds will help people recover faster after this tragedy.
Executives Express Support
Many executives from across the crypto space also expressed their support for those affected by this tragedy. This includes Binance CEO Changpeng Zhao who said that while there is no way to make up for these losses, it is now time for everyone to come together and show that cryptocurrency is a force for good and a sign of hope during difficult times like these.
Donations Continue To Flow In
As more information about Turkish earthquake survivors continues to be reported on Twitter and other social media platforms, more members of the cryptocurrency community are coming forward with donations. This includes exchanges such as Coinbase who has announced that it will match all customer donations up-to $10K USDT sent through its platform until February 15th 2023 .
Conclusion
The devastating tragedies suffered by both Turkey and Syria have brought out an outpouring of support from within the cryptocurrency community. Through generous donations totaling millions sent directly into relief funds set up by various organizations involved with this effort, individuals around the world are now showing their solidarity with those impacted by this natural disaster.
