Crypto Aid Israel: The Power of Cryptocurrency in Humanitarian Efforts

FinanceFeeds Editorial Team

In times of crisis, swift and coordinated humanitarian relief can make all the difference. The crypto community, known for its innovation and rapid adaptation, has proven its potential to create change in adversity.

Crypto Stands with Israel

Crypto Aid Israel, a coalition of influential figures in the cryptocurrency space, has achieved remarkable progress in its mission to support Israelis impacted by the current wave of Hamas terrorism. In a demonstration of the strength and unity of the Web3 and crypto community, the initiative has managed to raise a staggering sum of over USD 185,000 (around 700,000 NIS).

The response has been unrestricted to individual donors. Over 30 distinguished companies have pledged their support. Among these is the renowned accounting firm KPMG, which has graciously offered to assist in fundraising and distributing aid. Other prominent contributors include Zengo, a crypto wallet provider; Fuse, Wonderland, Psagot Equity, and many others.

Crypto Aid Israel has completed two rounds of aid distribution, channeling 200,000 NIS to various organizations spearheading the relief efforts.

Foundation for Advancing Citizens of Eshkol Regional Council: This organization has been instrumental in supporting the well-being of southern Israeli communities, particularly during times of conflict. Funds were allocated to cater to the transportation and shelter needs of those living near Gaza whom the Israeli government doesn’t officially recognize. This financial support has been pivotal in allowing affected individuals to find safety and refuge.

Zaka: Renowned for its volunteer-based services in search, rescue, and emergency medical response, Zaka has received funding to secure essential medical equipment and ceramic vests. This gear is crucial for their volunteers who operate in high-risk zones.

Lev Echad by Or Hanegev veHagalil: Committed to uplifting at-risk youth and championing social inclusion, this NGO has used the funds to provide vital supplies such as food, hygiene products, and clothing. This support is mainly directed towards those who remain near Gaza, assisting local municipalities and Kibbutzim.

A vanguard in the fight against poverty in Israel has initiated a large-scale operation in the south. The procedure focuses on delivering food and hygiene kits to those desperately in need—residents who have stayed, those who’ve been relocated, needy families, elderly citizens, Holocaust survivors, or reservists operating on-site. Eyal Gura, a board advisor, highlighted the importance of the crypto channel, emphasizing its speed and innovative appeal. He commended Latet’s immediate response, given the magnitude of the disaster, and confirmed the organization’s commitment to continue providing aid for as long as necessary.

However, the journey has been challenging. Crypto Aid Israel recently fell victim to severe phishing attacks, as a Ynet News report highlighted. This incident underscores the importance of maintaining alertness, especially in these trying times. In another development, a brief disruption affected their website service, swiftly addressed by their hosting provider, reaffirming the initiative’s dedication to transparency and legitimacy.

Tim Freed, a prominent figure within Crypto Aid Israel, expressed his gratitude, “We are deeply humbled by the outpouring of support from the global crypto community. Together, we have made significant strides in our mission to assist those affected by the recent wave of Hamas terrorism. The completion of two rounds of aid distribution shows how crypto can be used as a force of good in the world. Our commitment to transparency and legitimacy remains unwavering, and we are determined to continue our efforts in providing aid and relief to those in need.”

CryptoAidIsrael offers its heartfelt thanks to the global crypto community for its relentless support.

Led by luminaries within the Israeli Web3 community, Crypto Aid Israel stands as an emergency humanitarian beacon. Organizations such as 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks, Israel Blockchain Association, Bits Of Gold, and KPMG have come together in this global fundraising campaign. Their unified goal is to offer unwavering support to Israeli citizens and families requiring humanitarian aid.

For those interested in lending a hand, visit and donate at Crypto Aid Israel.

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