- Crypto companies pledge millions to support survivors and rebuild communities devastated by the Tai Po fire.
- Binance, HashKey and others provide financial aid to assist displaced families and emergency responders.
- Firefighters continue intense rescue efforts inside unstable structures as residents remain missing.
The cryptocurrency sector has mounted an unprecedented humanitarian response to the devastating fire in Hong Kong’s Tai Po district that has claimed at least 65 lives, with hundreds of people still missing as of November 27.
The blaze, which erupted at Wang Fuk Court shortly, is now considered the city’s deadliest fire in decades.
The scale of destruction has left the city shaken, and support has been pouring in from across the community, including major crypto companies with strong ties to Hong Kong.
Crypto Industry Steps In With Millions in Aid
Several leading digital asset firms have announced donations to support emergency relief and long-term rebuilding efforts for the Tai Po community.
Bitget
Leading the relief effort is Bitget, which committed HK$12 million; the single largest disclosed donation from the sector.
Funds have been entrusted to three major Hong Kong charitable organisations to ensure transparency and proper distribution:
- Yan Chai Hospital will receive HK$5 million for emergency medical care and rehabilitation
- The Salvation Army Hong Kong will receive HK$3.5 million for temporary housing, supplies and family support
- Po Leung Kuk will receive HK$3.5 million for counselling and long-term community services.
Related: North Korea’s Lazarus Group Linked to $37M Upbit Hack, Timing Clashes with $10B Naver Deal
Binance
Binance pledged HK$10 million, saying its goal is to provide practical support to residents of Wang Fuk Court as they begin rebuilding their homes.
The company shared a message on social media titled ‘Hearts Connected to Hong Kong’, offering condolences to the victims and strength to the survivors.
HashKey Group
HashKey, which is based in Hong Kong, also committed HK$10 million.The company said its heart is with every resident affected and that it will continue to stand with the city that forms the core of its community.
Avenir Group
Avenir joined Binance and HashKey with another HK$10 million pledge for relief and reconstruction efforts.
KuCoin
KuCoin announced a HK$2 million contribution, saying it stands together with Hong Kong during this difficult moment. The exchange added that its support aims to help residents recover and restore normal life.
Furthermore, BiFinance has pledged $1 million HKD and OSL’s management team and shareholders have donated $3 million HKD. RD Technologies is also contributing $1 million HKD to support immediate aid.
Relief Efforts Continue
With hundreds still unaccounted for, Hong Kong’s emergency services are working round the clock to locate survivors. Relief organisations are supplying food, blankets and medical assistance to displaced residents.
Related: Tether Exits Uruguay and Scraps $500M Mining Hub After Tariff Talks Collapse
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.