Binance’s CZ Donates 500 BNB for Disaster Relief to Assist Earthquake Victims in Myanmar and Thailand
Myanmar and Thailand Hit by 7.7 Magnitude Earthquake
On March 28, Myanmar and Thailand experienced a powerful earthquake measuring 7.7 on the Richter scale. As of now, it is known that at least 144 people have died and 732 have been injured in Myanmar. In response, Binance founder CZ expressed his concern for the disaster area on Twitter (X) that same day and announced a donation of approximately $300,000, equivalent to 500 BNB, as emergency relief funds. This again highlights the critical role of cryptocurrency in international aid.
Earthquake in Myanmar and Thailand Claims Hundreds of Lives, Over 700 Injured; Rescue Operations Ongoing
The earthquake struck around 1:20 PM on March 28, with its epicenter located approximately 16 kilometers from Mandalay, the second-largest city in Myanmar. The quake caused buildings to collapse in various locations, and as of now, at least 144 people have died and 732 have been injured. Rescue personnel from various organizations are still working to assist the affected individuals.
CZ Issues Urgent Statement of Support, Announces Donation of Nearly $300,000 in BNB for Disaster Relief
On the day of the earthquake, Binance founder Zhao Changpeng (CZ) posted on Twitter (X), expressing his concern: “I hope everyone in Thailand is safe.” He then announced that he would donate approximately $300,000 in the form of 500 BNB to assist in disaster relief for both Thailand and Myanmar.
CZ quickly expressed concern for local disaster victims and allocated emergency relief funds. If a reliable third-party on-chain donation platform cannot be found, these funds will be directly distributed through Binance and Binance Thailand.
Cryptocurrency Plays a Key Role in Disaster Relief
Due to the rapid transfer efficiency, low transaction fees, and immediate settlement characteristics of cryptocurrency, more and more non-profit organizations and users are choosing to use crypto assets as emergency relief funds. For example:
- After the 2023 Turkey and Syria earthquake, philanthropist Haluk Levent initiated a crypto donation program.
- The Giving Block, which assists non-profit organizations with fundraising, has raised over $1 million for wildfire victims in Hawaii.
- Ethereum founder Vitalik Buterin donated approximately $5 million in Ether (ETH) to victims of the Ukraine-Russia conflict.
- In early 2024, they initiated emergency aid for the wildfire situation in Los Angeles, California, which showed significant results.
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