Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens

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Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens


A collective of local leaders in the cryptocurrency space, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold, as well as Cointelegraph, have joined together ​​to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian aid.

The ongoing and unfolding conflict has taken a heavy toll on the local civilian population, with casualties currently estimated in the thousands.

A recent report from Israeli news source Haaretz indicates the attacks on Israeli’s local population have resulted in the deaths of at least 700 Israelis “and nearly 2,400 wounded since Hamas’ surprise invasion on Saturday morning. In Gaza, the Palestinians report 560 dead and over 2,700 wounded.”

According to the CEO of CryptoJungle, Ben Samocha, Crypto Aid Israel’s aim is to provide immediate help for those affected:

“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…”

Crypto Aid Israel is hosting a multisig wallet, overseen by luminaries in the local Web3 community. In order to donate and help their cause, you can visit their website here.

Per a press release shared with Cointelegraph, Crypto Aid Israel’s creators are urging those who want to help to be cautious when it comes to verifying that their aid is going to the right wallet:

“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.”

The Crypto Aid Israel initiative supports both Bitcoin and Ether donations. 

Related: Israeli authorities seize crypto from terror organizations, credit new technology