news

Crypto Community in Israel Unites to Launch 'Crypto Aid Israel' for Displaced Citizens

Crypto Community in Israel Unites to Launch 'Crypto Aid Israel' for Displaced Citizens

Tel Aviv, Israel, October 9th, 2023 – Following the ongoing attacks against Israel, a collective of local leaders in the crypto space have joined together ​​to establish Crypto Aid Israel to raise funds for displaced citizens in need of humanitarian aid.

With over 4,000 rockets shot at Israel, Hamas terrorists infiltrated communities along the Gaza Strip, combined with an assault by dozens of gunmen who infiltrated the border town of Sderot and other communities, clashing with troops of the Israel Defense Force. As of now, at least 900 Israelis have been killed, with more than 2,600 wounded. It is estimated that at least 150 soldiers and civilians, including women and children, were kidnapped and abducted into the Gaza Strip, according to official reports.

Crypto Aid Israel is hosting a multisig wallet, entrusted to respected members of the local Web3 community, that will be used to collect donations in over a dozen forms of cryptocurrency including BTC, ETH, USDT, USDC, etc. Partnerships are being established with a leading Israeli bank and multiple government agencies in order to distribute the donations swiftly and efficiently. 

With regard to management of the crypto assets, Crypto Aid Israel has graciously accepted the help of Fireblocks. A strict policy has been implemented that requires at least of four out of seven signatories to move funds out of the wallet. All of the Crypto Aid Israel signers are respected leaders from the local Web3 space.

Local crypto organizer and CEO of CryptoJungle Ben Samocha said: “Israel is currently suffering from a brutal, unprovoked attack by Hamas terrorists. Every Israeli citizen is fighting for the survival of their own life and the lives of their families. They need our utmost support, and that’s what we’re aiming to provide with 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 and to raise awareness for the horrors the Israeli people are facing right now. We are especially hopeful to provide resources to Israeli children who have lost their parents to murder or abduction. Please donate and share our campaign – and we thank you for your support!”

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.

About Crypto Aid Israel

Crypto Aid Israel is an emergency charity initiative formed by local leaders from the Israeli Web3 space such as 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks Israel Blockchain Association, and Bits Of Gold to kick-start a global fundraising campaign that supports Israeli citizens and families in desperate need of humanitarian aid.

Follow Crypto Aid Israel on Twitter, Instagram, TikTok, LinkedIn and Facebook. 

Leave a Reply