Bybit Extends $100K Relief to Cyclone-Hit Sri Lanka

• Sri Lanka has seen massive landslides, damaged transportation lines, and the suspension of governmental services.
• Bybit is in contact with the Central Bank of Sri Lanka (CBSL) in order to make a donation of $100,000 to fund relief efforts.

Bybit, the world’s second-largest cryptocurrency exchange in terms of trading volume, made an announcement today regarding an emergency humanitarian contribution to support communities that have been impacted by the devastating floods that have occurred across Southeast Asia. The primary focus of this contribution is on Sri Lanka, which is one of the countries that has been hit the hardest by Cyclone Ditwah.

Flooding of a catastrophic kind has occurred over the countries of Indonesia, Malaysia, Thailand, and Sri Lanka over the course of the previous week as a result of cyclone-driven winds and heavy rainfall. More than 420 people have lost their lives as a result of the tragedy throughout the area, with 123 of those deaths occurring in Sri Lanka. Additionally, tens of thousands of people have been displaced, and key infrastructure has been badly damaged.

Bybit is in contact with the Central Bank of Sri Lanka (CBSL) in order to make a donation of $100,000 to fund relief efforts, emergency shelters, and necessary supplies for families who have been impacted by this shocking tragedy. At this crucial juncture, our coordination guarantees that aid is provided to those who need it the most and is in accordance with the priorities of the country overall.

“Our hearts are with the people of Sri Lanka and the wider South Asian region during this time of immense loss,” said Nazar Tymoshchuk, Bybit’s Mini-Global Regional Manager. “As communities face the aftermath of Cyclone Ditwah, we stand in solidarity with them and are committed to contributing to relief and recovery efforts together with credible local partners such as the CBSL.”

The nation of Sri Lanka has seen massive landslides, damaged transportation lines, and the suspension of governmental services, which has resulted in the displacement of more than 44,000 people. As the authorities continue to make attempts to reach residents who are stranded, restore electricity and communications, and avoid more losses in the face of persistent rainfall projections, rescue operations are still ongoing.

The contribution made by Bybit serves the purpose of providing assistance for urgent essentials such as food, clean water, medical assistance, temporary housing, and rehabilitation programs. The corporation maintains its long-term commitment to providing meaningful action and cooperation in order to help communities all over the world during times of crises across the world.