Following the tragic earthquake disaster in Southern Turkey, the world’s leading Digital Asset management brand, Binance has announced it will give away $100 in its native token $BNB each to its Turkish Users, Changpeng Zhao, CEO at Binance stated on microblogging platform Twitter “Time to take care of our users.” This charity donation from Binance is a total around $5 million or 94,000,000 TRY.
The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis.
However, Global crypto exchanges, including Binance, Bitfinex, Huobi and Bitget, are looking for ways to help those affected by two devastating earthquakes that struck Turkey and Syria on Monday.
Additionally, Turkish rockstar Haluk Levent teamed up with local charitable organization Ahbap to set up a crypto wallet to accept donations from the crypto community, which has raised over $1,000,000.
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Many NFT projects and NFT artists notably Rachel Wood, Council member at SuperRare is donating $10,000 to Syria and Turkey through NFT mint proceeds on Manifold as a result of the recent tragic happenings in both countries.
In a different twist, Co-founder of Verse reports has been hacked for $4M in a hotel lobby during a meeting with alleged investors. Funds stolen from their Trust Wallet. This haunting incident serves as a reminder to always be vigilant with crypto safety
Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private key.
The attack can only be performed for transactions of 0 value. However, it may cause some users to accidentally send tokens to the attacker as a result of cutting and pasting from a hijacked transaction history.
Blockchain security firm SlowMist discovered the new technique in December and revealed it in a blog post. Since then, both SafePal and Etherscan have adopted mitigation techniques to limit its effect on users, but some users may still be unaware of its existence.
Read Press Statements from Binance
In response to the devastation caused by the recent earthquake in Turkey, Binance will airdrop BNB worth USD $100 to all Binance users identified to be living in the regions most affected by the tragedy.
Identification of the users will be based on Proof of Address (POA) completed before Feb 6th in 10 cities where the earthquake has had significant impact, including: Kahramanmara?, Kilis, Diyarbak?r, Adana, Osmaniye, Gaziantep, ?anl?urfa, Ad?yaman, Malatya and Hatay.
While the POA method has its limitations and inaccuracies, it is the best method we have available for us to locate potentially impacted users. We estimate the total donations will be around $5 million USD (or 94,000,000 TRY).
In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are needed to help cover medical supplies, food and other essential needs.
Crypto transfers are now increasingly being used to deliver financial aid to disaster victims as they provide fast, low-cost, borderless and transparent transactions.
Binance Charity has also launched a public donation address for anyone to donate. For everything we receive on this address, we will convert to TRY and give it to an authorized NGO to help people in need. Donations to the Emergency Earthquake Appeal will be accepted in BTC, ETH, BNB, BUSD, XRP.
Binance founder and CEO CZ said: “The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis.”
Our team is doing their part to ensure that Turkish Binancians and their families are safe and sound and are providing whatever assistance is required. In these difficult times, Binance stands by our users and we will continue to work on additional ways to help our community in Turkey.