Crypto Rallies Millions for Hong Kong’s Tai Po Fire Relief




Hong Kong’s Tai Po Fire: A Community Unites, Cryptocurrency Industry Rises to the Occasion for Disaster Relief



Hong Kong’s Tai Po Fire: A Community Unites, Cryptocurrency Industry Rises to the Occasion for Disaster Relief

Hong Kong is reeling from the devastating aftermath of a severe Level 5 fire that engulfed Wang Fuk Court in Tai Po on November 26. The tragedy saw seven of the eight residential towers consumed by flames, leading to a grim toll. As of the morning of November 28, the number of fatalities has tragically climbed to 94, with at least 76 individuals injured, including 11 brave firefighters. Over a hundred people remain unaccounted for, plunging the entire city into profound shock and sorrow.

Widespread Solidarity: Government and Traditional Business Mobilize

In response to what is being described as Hong Kong’s most severe fire in nearly 80 years, Chief Executive John Lee has announced the establishment of an official donation account and pledged an emergency subsidy of HK$10,000 for each affected household. The call for aid has been met with an overwhelming outpouring of support from across the corporate landscape. Leading enterprises and foundations, including the Li Ka Shing Foundation, Lee Shau Kee Foundation, Jack Ma Philanthropic Foundation, Xiaomi Group, Alibaba, Tencent, and Chow Tai Fook Group, have collectively pledged over HK$1 billion in donations and essential supplies.

The Crypto Community Steps Up: A Beacon of Hope in Dark Times

Amidst the city’s collective grief, the global cryptocurrency industry has swiftly demonstrated its solidarity. Major blockchain and crypto firms have announced significant contributions, with HashKey Group, Binance, and OKX each donating HK$10 million. The total sum from the crypto sector alone has already surpassed HK$68 million, showcasing a powerful commitment to humanitarian aid.

In these moments of profound sorrow, the cryptocurrency industry has set aside market trends and narratives, choosing instead to act. Their unified message is clear: in the darkest hours, resources must be directed where they are most needed, offering a glimmer of hope and warmth amidst the cold uncertainty faced by the victims.

HashKey Group Commits HK$10 Million to Emergency Aid

HashKey Group announced an urgent donation of HK$10 million. This substantial contribution is dedicated to supporting emergency relief efforts, assisting with the resettlement of affected residents, and honoring the courageous firefighters and rescue personnel on the front lines.

KuCoin Donates HK$2 Million for Firefighter Support and Recovery

Through its employee fund, KuCoin has contributed HK$2 million. These funds are earmarked to support Hong Kong firefighters and their families, as well as for post-disaster assistance. KuCoin expressed profound respect for the frontline responders and deep concern for the affected residents, affirming its commitment to closely monitor reconstruction progress and stand with the people of Hong Kong through this challenging period.

Avenir Group Pledges HK$10 Million for Comprehensive Relief

Avenir Group and its affiliated philanthropic foundation have jointly announced a donation of HK$10 million. This generous sum will be utilized for emergency rescue operations, temporary housing, provision of essential living supplies, and long-term community rebuilding initiatives.

MicroBit Capital Contributes US$100,000, Bridging Traditional and Web3 Charity

MicroBit Capital (Hong Kong MicroBit Asset Management Co., Ltd.), a financial institution deeply rooted in Hong Kong, has donated US$100,000 (approximately HK$780,000) to the “Hong Kong Youth Student Power Fund.” Notably, the Hong Kong Youth Student Power Fund has innovatively opened dual donation channels, accepting both traditional bank transfers and virtual asset contributions, effectively bridging conventional philanthropy with the power of the Web3 community.

Animoca Brands Launches Global Crypto Community Fundraiser

Animoca Brands has initiated a non-profit charity drive, establishing two dedicated wallet addresses to receive cryptocurrency donations. All donated crypto assets will be converted into Hong Kong Dollars and 100% of the proceeds will be directed to the Hong Kong Red Cross for relief efforts. The donation addresses are:

  • EVM:  0x56f747940cccc69d54fc9223d3dd57e42a98a2e2
  • Solana:  3hxNJNR3QacMzbW9gNG5kPhbFozXi4bkztDS2HE3XYef

New Huo Technology and CEO Donate HK$1 Million for Recovery

New Huo Technology and its CEO, Weng Xiaoqi, have jointly pledged HK$1 million to support rescue operations, temporary housing, and long-term rebuilding efforts in the affected areas.

Binance Pledges HK$10 Million to Aid Residents and Reconstruction

Binance has announced a donation of HK$10 million to support rescue operations and assist affected residents in rebuilding their lives. The exchange stated its commitment to channel these funds through appropriate avenues and extended its deepest condolences to those impacted by the disaster.

OKX Contributes HK$10 Million for Emergency and Post-Disaster Recovery

OKX has committed HK$10 million towards emergency relief and post-disaster recovery efforts. The platform emphasized its ongoing dedication to providing assistance during this critical time for Hong Kong.

HTX and TRON Join Forces with HK$10 Million Donation

HTX and TRON have jointly announced the activation of an emergency philanthropic aid mechanism, donating HK$10 million to Hong Kong. This collective contribution will support frontline rescue operations, provide temporary housing, and ensure the supply of essential living materials.

Matrixport and Employees Contribute HK$3 Million to Relief and Rebuilding

Matrixport, through its Hong Kong branch, along with its employees, has donated HK$3 million. These funds are dedicated to emergency relief and reconstruction efforts. The company extended its deepest condolences to the fallen firefighters and the residents who lost their lives. Matrixport affirmed its commitment to closely monitor post-disaster developments and collaborate with local charitable partners to provide sustained support to the affected Hong Kong communities.

Bitget Pledges HK$12 Million to Support Affected Families and Community Reconstruction

Bitget has announced a significant donation of HK$12 million to assist families affected by the Wang Fuk Court fire and support community rebuilding. The donation is strategically allocated as follows: HK$5 million to Yan Chai Hospital, HK$3.5 million to The Salvation Army, and HK$3.5 million to Po Leung Kuk.


Disclaimer: This article provides market information only. All content and views are for reference only and do not constitute investment advice, nor do they represent the views and positions of BlockTempo. Investors should make their own decisions and transactions. The author and BlockTempo will not bear any responsibility for direct or indirect losses incurred by investors’ transactions.


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