Binance founder Changpeng Zhao ‘CZ’ leads crypto community donations for deadly SEA earthquake

Binance founder Changpeng Zhao 'CZ' leads crypto community donations for deadly SEA earthquake


In the wake of a devastating 7.7-magnitude earthquake that struck Myanmar and Thailand on Friday, over 1,700 fatalities have been confirmed and thousands injured across the two nations. The epicenter, located near Mandalay in central Myanmar, caused widespread destruction, including collapsed buildings, damaged infrastructure, and flooding.

In Thailand, Bangkok experienced significant tremors, leading to the collapse of an under-construction high-rise that trapped dozens beneath the rubble. Rescue operations are ongoing as international aid pours into the region to address the humanitarian crisis. Myanmar’s military government has declared a state of emergency and called for global assistance to support relief efforts.

Binance founder Changpeng Zhao leads crypto donations

Among notable contributions to disaster relief, Binance co-founder Changpeng Zhao (CZ) pledged 1,000 BNB tokens—valued at approximately $630,000—split evenly between Myanmar and Thailand. He posted on X on Friday:

“I will donate 500 BNB each to Myanmar and Thailand.”

The post moved many more industry participants to action, including Anndy Liann, thought leader, intergovernmental blockchain advisor, and best-selling author, who stated:

bybit

“I will donate 44 $BNB to NPO to help #Myanmar. Earthquake death toll rises to 1,644 amid race to find survivors.”

He also urged his followers to also follow CZ and donate to play their part as well.

The funds are being distributed through Binance Thailand and local partners to ensure efficient allocation for rebuilding infrastructure and providing essential services.

Zhao’s donation highlights the growing role of cryptocurrency in humanitarian efforts, offering rapid and transparent financial aid during crises. This follows a broader trend of crypto donations being used effectively in past disasters, such as the Turkey-Syria earthquake and Maui wildfires.

CryptoSlate recently reported that cryptocurrencies are rapidly transforming global aid, helping charities like Save the Children to reach more people quickly on the ground in disaster zones when help is needed.

As rescue teams continue their work amid challenging conditions, international collaboration remains critical to addressing urgent needs and supporting affected communities.

Mentioned in this article

XRP Turbo



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

XLM Stellar
Fiverr
XLM Stellar
Binance founder Changpeng Zhao 'CZ' leads crypto community donations for deadly SEA earthquake
bybit
XRP Turbo
Fiverr
How a Philosopher Who Criticized Trump and Musk Turned Out to Be an AI Experiment
Bitcoin Funding Rate Turns Negative: Bullish Signal In Disguise?
Block Inc faces $40 million fine for lax Bitcoin transactions oversight
Price analysis 4/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, TON
Ethereum Game 'Aavegotchi' Will Dump Polygon for Base, Shutter Layer-3 Network
Bitcoin
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Bybit
Trump backs off on electronics tariffs
Arthur Hayes: ‘Buy Everything’ as Bitcoin Enters ‘UP ONLY’ Mode Amid Fed Liquidity Signals
Bitcoin price preparing for 'up only mode' as US bonds suffer worst selloff since 2019
Shiba Inu
Coinpedia - Fintech & Cryptocurreny News Media
Trump backs off on electronics tariffs
Arthur Hayes: ‘Buy Everything’ as Bitcoin Enters ‘UP ONLY’ Mode Amid Fed Liquidity Signals
Bitcoin price preparing for 'up only mode' as US bonds suffer worst selloff since 2019
Shiba Inu
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
tron
cardano
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
tron
cardano