Empowering Acts of Kindness: Local Web3 Community Unveils ‘Crypto Aid Israel’ for Displaced Citizens

A consortium of local cryptocurrency industry leaders, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold, and Cointelegraph, has come together to establish “Crypto Aid Israel.” This global fundraising initiative is aimed at assisting displaced Israeli citizens who are in dire need of humanitarian aid as a result of the ongoing conflict.

Crypto Community Unites to Launch ‘Crypto Aid Israel’ Global Fundraiser for Displaced Citizens

The continuous and evolving conflict has taken a severe toll on the local civilian population, with the number of casualties estimated to be in the thousands.

According to a recent report from Israeli news source Haaretz, the attacks on Israel’s local population have led to the tragic loss of at least 700 Israelis and injuries to nearly 2,400 people since Hamas’ unexpected invasion on a Saturday morning. In Gaza, Palestinians have reported 560 fatalities and over 2,700 injuries.

Ben Samocha, the CEO of CryptoJungle, highlighted the primary objective of Crypto Aid Israel: to swiftly provide assistance to those adversely affected. He stated, “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.”

Crypto Aid Israel has established a multisignature wallet, overseen by respected figures within the local Web3 community. To contribute and support this cause, individuals can visit the official website.

In a press release shared with Cointelegraph, the creators of Crypto Aid Israel stressed the importance of due diligence when verifying the destination of their donations to prevent potential phishing scams and cyberattacks. They advised potential donors to cross-check the crypto wallet address with the verified one on the official website to ensure that their contributions reach the intended beneficiaries and do not fall into unauthorized hands.

This collaborative effort within the cryptocurrency community exemplifies a shared commitment to aiding those in need during times of crisis.