Ethereum Co-Founder Vitalik Buterin Donates 50 ETH
At this point, Ethereum co-founder Vitalik Buterin has made at least two significant donations to aid the victims of the earthquake that struck Turkey and Syria a week ago.
The earthquake with a magnitude of 7.8 occurred on February 6th. The current death toll is at 33,000, making it one of the worst disasters the world has seen in recent decades.
Throughout the last week, the co-founder of Ethereum has been among the numerous people who have actively donated Ether (ETH) to fund rescue efforts in Turkey. According to blockchain security company PeckShield, his most recent contribution was made on February 12 and consisted of 50 ETH, which is equivalent to around $77,000. This was given to Anka Relief.
Anka expressed gratitude to the co-founder of Ethereum for his generosity and said that cryptocurrency contributions have been coming in from the very first day.
"Ever since the first day of the crisis, we have seen contributions building up in the wallets of a select few of the world's most prominent NGOs. The group said that it was wonderful that they had garnered and will continue to draw additional cash.
Anka has supplied a list of cryptocurrency wallets that may be used for the purpose of monetary contributions. The Web3 Relief Support Organization is also the driving force behind the Ukraine DAO initiative, which aims to solicit crypto contributions in order to fund relief operations in the country that is now under siege.
The most recent contribution brings Vitalik's total amount of ETH contributed in aid of those affected by the earthquake to 100. Ahbap is a nongovernmental and nonprofit organization committed to humanitarian activities in Turkey. On February 11, an address associated with vitalik.eth sent about 150,000 ETH worth of ETH to Ahbap.
Additionally, multiple crypto addresses have been supplied for different coins that Ahbap is able to receive as contributions.
It claims that it has received crypto contributions totaling $4.3 million to this far, with stablecoins being the vast majority of the tokens submitted. Etherscan reports that the Ahbap wallet has a total of 409 ETH, which had a value of $622,000 at the time this article was written.
On February 10, the Financial Times in London published an article stating that cryptocurrency contributions had been coming in from all across the world. More than ten million dollars' worth of cryptocurrency have been donated by various businesses, with Binance alone contributing five million dollars to the relief efforts in Turkey.
Additionally, Binance announced the distribution of $100 worth of BNB (BNB) tokens through airdrops to users in the locations that were struck the worst last week.
It is not the first time that contributions for earthquake assistance have been made using cryptocurrency. In the aftermath of the devastating earthquake that struck Nepal in 2015, many relief groups received contributions in the form of bitcoin.