The outbreak of the Israel-Hamas war has prompted several cryptocurrency firms, including MarketAcross, Collider Ventures, and the Israel Blockchain Association, to establish Crypto Aid Israel, a global fundraiser that seeks to help displaced Israeli citizens in need of humanitarian help.Israel WILL prevail 💪, but we need your help!The Web3 alliance is managing a multi-sig wallet controlled by multiple entities, including crypto safekeeping firm Fireblocks.
The funds will be donated to Israeli nonprofits, and they will distribute the donations to families that fled southern Israel. According to the organization —42Studio, MarketAcross, Collider Ventures, and CryptoJungle — said it’s in contact with multiple Israeli government agencies interested in overseeing the disbursement of funds.In early Saturday, the islamist militant group Hamas launched a surprise assault through lethal airstrikes into civilian ground.
This is not the first time cryptocurrency companies and local communities and institutions join forces in order to help displaced citizens during war. Back in early 2022, Ukrainian officials worked with cryptocurrency companies to set up wallets in which to send crypto donations., over $100 million were donated to Ukraine’s military forces and humanitarian aid during the first months of the outbreak back then. So far, donations have reached over $225 million since the beginning of the war.
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