Thursday, 30 November 2023

Crypto News

Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens

Local Web3 community launches 'Crypto Aid Israel' to help displaced citizens

A collective of local leaders in the cryptocurrency space including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks Israel Blockchain Association, and Bits Of Gold have joined together ​​to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian aid.

The ongoing and unfolding conflict has taken a heavy toll on the local civilian population with casulties currently estimated in the thousands.

According to the CEO of CryptoJungle, Ben Samocha, the groups aim is to provide immediate aid:

“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 is hosting a multi-sig wallet, overseen by luminaries in the local web3 community. In order to donate, and help their cause, you can visit their website here.

Per a press release shared with Cointelegraph, Crypto Aid Israel’s creators are urging those who want to help to be cautious when it comes to verifying that their aid is going to the right wallet:

“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.”

The Crypto Aid Israel initiative supports both Bitcoin and Ethereum donations. 

Related: Israeli authorities seize crypto from terror organizations, credit new technology