Local Web3 Community Launches ‘Crypto Aid Israel’ to Assist Displaced Citizens

October 13, 2023

By Anjali Kochhar

In response to the recent conflict in Israel, a collective of leaders within the local cryptocurrency community, including prominent entities like 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold, and Cointelegraph, have united to establish ‘Crypto Aid Israel’. This global fundraiser is dedicated to providing humanitarian aid to displaced Israeli citizens who find themselves in urgent need of support.

The conflict, which continues to unfold, has had a devastating impact on the civilian population, with casualties estimated in the thousands. A recent report from Haaretz, an Israeli news source, indicates that the attacks on local populations have resulted in over 700 Israeli casualties, along with nearly 2,400 individuals wounded since Hamas’ surprise invasion last Saturday. In Gaza, Palestinians report over 560 casualties and more than 2,700 wounded.

Ben Samocha, the CEO of CryptoJungle, outlined the primary objective of Crypto Aid Israel: “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 donations, Crypto Aid Israel has established a multisig wallet under the careful oversight of luminaries in the local Web3 community. Those wishing to contribute and support this cause can visit their official website.

The creators of Crypto Aid Israel emphasise the importance of cautious donation practices, urging contributors to verify that their aid reaches the intended destination. They caution against potential phishing scams and cyber attacks, advising donors to double-check the crypto wallet address on the official website to ensure that funds are sent to legitimate addresses.

As the conflict continues, the establishment of Crypto Aid Israel reflects the resilience and compassion within the cryptocurrency community. This initiative not only showcases the power of technology and digital currencies in times of crisis but also demonstrates the community’s commitment to alleviating the suffering of those affected by the ongoing conflict in Israel.

About the author

Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.

Translate Now