Crypto Aid Israel , a group of local leaders in the cryptocurrency sector, is pleased to report significant progress in its mission to assist Israelis affected by the ongoing wave of Hamas terrorism. The community-backed initiative has raised more than $185,000 (about NIS 700,000), demonstrating the solidarity and collective strength of the Web3 and cryptocurrency community.
Furthermore, more than 30 firms have rallied to support the group’s cause, with notable participation from accounting giant KPMG which is assisting with fundraising and distribution. Other major companies contributing to the campaign through awareness or financial contributions include crypto wallet providers Zengo, Fuse, Wonderland, Psagot Equity and many others.
Crypto Aid Israel also announced two completed aid distributions to several organizations spearheading relief efforts. These contributions total NIS 200,000, aimed at making a tangible impact on the lives of those in need. NGOs that have received funding from Crypto Aid Israel include:
– Eshkol Regional Council Citizen Advancement Fund: an organization that supports the well-being and resilience of southern Israeli communities, especially in times of conflict, by providing provide essential services and products.
Funding is for: Supporting the travel and housing needs of citizens who, although residing in areas near Gaza, are not officially recognized by the Israeli government. This support allows affected individuals to seek safety and refuge.
– Zaka: An Israeli volunteer NGO specializing in search and rescue, disaster response and emergency medical services, often working immediately after major incidents and emergencies.
Funding is used to: Secure vital medical equipment and bulletproof vests for Zaka volunteers operating on the front lines.
– Lev Echad of Or Hanegev veHagalil: An NGO committed to supporting at-risk youth and promoting social inclusion in Israel through various education and empowerment programs.
Funding is for: Providing essentials, especially food, hygiene products and clothing to individuals who have chosen to remain in areas adjacent to Gaza to protect and support natural areas administration and Kibbutzim (settled lands).
– Latet: An Israeli non-profit organization dedicated to fighting poverty and providing humanitarian aid to disadvantaged communities, focusing on food security and social assistance.
Funding for: Latet launched a large-scale operation in the South, providing food and hygiene kits to populations in dire need with limited access to food and resources regime – those who remained in the South and those who were evacuated to other locations and families.
Part of the money was used to donate (helmets, food, etc.) to the Israeli company that collects bodies from the rubble and to affected families in the area.
“We believe that despite its modest beginnings, this crypto channel is an important, fast and innovative one that will enable new contributors to join our global ecosystem and support Support Israel in such an important moment. Once we realized the scale of the disaster and realized this was Israel’s most challenging moment, Latet began operating in emergency mode. As we have done before, in more than 25 global and local national disasters, we have allocated our entire organizational infrastructure to provide immediate support to families in need and will continue to do so for as long as necessary,” added Latet’s new Digital and Cryptocurrency Initiative advisor to the board, Eyal Gura.
Unfortunately, Crypto Aid Israel has been the subject of serious phishing attacks, highlighting the need for increased vigilance in today’s challenging circumstances. Additionally, their website service suffered an outage that lasted less than 30 minutes. This incident was promptly resolved by the hosting provider, due to concerns about potential fraudulent activities in the name of Crypto Aid Israel, demonstrating the team’s unwavering dedication to transparency and Legality.
Tim Freed, senior leader of Crypto Aid Israel commented:
“We haven’t done much compared to the support from the global crypto community. Together, we have made significant progress in our mission to support those affected by the recent wave of Hamas terrorism. The completion of two aid distributions shows how cryptocurrency can be used as a force for good in the world. Our commitment to transparency and legality remains unwavering and we are determined to continue our efforts to provide aid and relief to those in need.”
Crypto Aid Israel expressed gratitude to the global cryptocurrency community for their unwavering support.
Introducing Crypto Aid Israel
Crypto Aid Israel is an emergency humanitarian initiative led by influential leaders in the Israeli Web3 community. Including organizations such as 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficiency Frontier, Ironblocks, Israel Blockchain Association Bits Of Gold and KPMG. This global fundraising campaign aims to provide support to Israeli citizens and families in need of urgent humanitarian aid.
