Crypto industry pledges over $3M to victims of Hong Kong’s deadliest fire in decades

The crypto industry rushed to the aid of Hong Kong residents who suffered the city’s most devastating fire in 80 years, claiming the lives of at least 128 people.

Some of the world’s biggest cryptocurrency exchanges and Web3 companies have pledged millions of dollars to support victims of the deadly fire at the Wang Fuk Court apartment complex in Hong Kong’s Tai Po District, highlighting the sector’s growing role in real-world relief efforts.

Three centralized crypto exchanges (CEXs) have publicly pledged to donate $24.78 million Hong Kong dollars ($3.19 million) to aid the victims of the devastating fire, which claimed the lives of at least 128 residents.

The donations included $1.5 million from Bitget exchange, $1.28 million from Binance, and about $256,000 from KuCoin exchange.

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