Israel's Crypto Aid Initiative Donates $185,000 for a Cause

Local crypto collective Crypto Aid Israel has raised over $185,000 in donations to support Israelis affected by the recent wave of Hamas terror. A portion of these funds has already been distributed to various organizations providing relief to those impacted by the tragedy. The goal is to make a tangible impact on the lives of those in need. Several NGOs have already received funding from Crypto Aid Israel. For example, the Foundation for the Advancement of Citizens of the Eshkol Regional Council received funding to support transportation and housing for citizens near Gaza. Zaka, an Israeli volunteer NGO specializing in search and rescue, received funding for critical medical equipment and ceramic vests for volunteers. Lev Echad of Or Hanegev veHagalil received funding to provide basic necessities for people choosing to remain in regions adjacent to Gaza.

Additionally, more than 30 companies have joined the cause, including KPMG, which is assisting with fundraising and distribution. Other major contributors include Zengo, Fuse, Wonderland, and Psagot Equity. Crypto Aid Israel is an emergency humanitarian initiative led by influential leaders within the Israeli Web3 community.

The initiative has faced challenges such as phishing attacks and a brief website outage due to concerns about fraudulent activity. Despite these obstacles, Crypto Aid Israel remains committed to transparency and legitimacy in providing aid and relief to those in need.

Crypto Aid Israel expressed gratitude for the support from the global crypto community. Tim Freed, a senior leader of Crypto Aid Israel, emphasized how crypto can be used as a force for good in the world. Eyal Gura, a consultant on Latet’s board, highlighted the importance of the crypto channel in supporting Israel during challenging times.

In conclusion, Crypto Aid Israel has successfully raised funds to assist Israelis affected by the recent wave of terrorism. Their efforts have already made a significant impact through partnerships with NGOs and support from various companies in the crypto community. Despite facing challenges, they remain dedicated to providing aid and relief to those in need.