Israel’s blockchain leaders unite for humanitarian cause.
Key players in Israel’s cryptocurrency industry are coming together to launch “Crypto Aid Israel,” a fundraising initiative to aid local civilians caught up in the ongoing conflict.
The brainchild of this endeavor is a coalition of local cryptocurrency and blockchain sector leaders. Companies like 42Studio, CryptoJungle, MarketAcross, and Bits of Gold are participating, along with the Israel Blockchain Association and Collider Ventures.
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With deaths rising to the thousands, this collective is motivated by the urgent need to offer humanitarian assistance to those affected. Statistics from a recent Haaretz news report paint a grim picture:
At least 900 Israelis were killed and nearly 2,400 wounded <…>. In Gaza, the Palestinians report 560 dead and over 2,700 wounded.
In light of these sobering figures, “Crypto Aid Israel” aims to mobilize urgently needed resources. Ben Samocha, the CEO of CryptoJungle, clarified the mission of “Crypto Aid Israel,” stating:
We hope to raise the necessary funds to provide food and shelter for families who lost their homes. We are also hoping to provide hygiene and medical products for the bombarded Israeli civilian populace…
To facilitate the donation process, “Crypto Aid Israel” has set up a multisig wallet supervised by recognized figures in Israel’s Web3 community. Those wishing to contribute to this humanitarian cause can donate through the initiative’s official website.
Given the sensitive nature of fundraising in the crypto space, “Crypto Aid Israel” organizers advise donors to be vigilant against potential fraud. An official press release cautioned:
It is incredibly important to consider before donating that due to potential phishing scams and cyber attacks, please compare the crypto wallet address to the verified one on the official website, so that funds aren’t sent to addresses that may have been sent to you through other sources.
As the ongoing crisis wreaks havoc on local communities, Israel’s cryptocurrency enthusiasts are rallying together to provide much-needed aid. “Crypto Aid Israel” serves as a prime example of how the local Web3 community is leveraging its resources and network to make a tangible impact. Donors are urged to exercise caution and validate wallet addresses, ensuring their contributions go to the intended recipients.
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