More than 1,700 deaths have been confirmed and thousands of people injured in two countries in the wake of the devastating 7.7 magnitude earthquake that hit Myanmar and Thailand on Friday. The epicenter, located near Mandalay in central Myanmar, caused widespread destruction, including collapsed buildings, damaged infrastructure and flooding.
In Thailand, Bangkok experienced serious tremors, leading to the collapse of under-constructed skyscrapers that locked dozens under the tiled rub. Rescue operations are underway as international aid is poured into the region to deal with the humanitarian crisis. Myanmar's military government declared a state of emergency and called for global support to support relief efforts.
Binance founder Changpeng Zhao leads crypto donations
In his remarkable contribution to disaster relief, Binance co-founder Changpeng Zhao (CZ) evenly booked 1,000 bnb tokens (approximately $630,000) between Myanmar and Thailand. He posted to X on Friday:
“We will donate 500 bnbs each to Myanmar and Thailand.”
This post has put more industry participants into action, including Anndy Liann, a thought leader, intergovernmental blockchain advisor and bestselling author.
“I will donate $4.4 billion to NPOs to support #Myanmar. Earthquake deaths will rise to 1,644 in the race to find survivors.”
He also urged his followers to follow CZ and donate to play their role.
The funding is distributed through Binancethi and local partners to ensure efficient allocations to rebuild infrastructure and provide critical services.
Zhao's contributions highlight the growing role of cryptocurrencies in humanitarian efforts, providing prompt and transparent financial aid during the crisis. This follows a broader trend in cryptocurrency provision that is effectively used in past disasters, such as the Syrian Turkey earthquake and the Maui wildfire.
Cryptoslate recently reported that cryptocurrencies are rapidly transforming global aid and helping charities such as saving children quickly reach more people in disaster zones when they need help.
As rescue teams continue to work in difficult situations, international collaboration remains important to address urgent needs and support affected communities.
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