Thursday, July 25, 2024

Binance makes $2.5 million donation in crypto to UNICEF

Binance made a crypto donation worth $2.5 million to UNICEF in an effort to help the children of war-struck Ukraine. UNICEF said it will use the proceeds to support the organization’s life-saving work for children and their families in Ukraine as well as in hosting countries.

17 children have died and 30 injured since February 24, as per UNICEF, but the actual number may be a lot higher. The UN-body says half a million children may have already fled Ukraine to neighboring countries.

Changpeng Zhao, CEO of Binance, highlighted that the world is shocked at the rate the Ukrainian conflict is escalating. He said that just a week ago, Ukraine’s children were laughing, playing, and attending school. But now, news wires are flooded about children casualties, thousands forced to flee or take shelter. CZ described this as heartbreaking. He said Binance is grateful for its ongoing collaboration with UNICEF.

It should be noted that this is the crypto exchange’s extended work with UNICEF. Binance had previously supported its COVID-19 vaccination (COVAX) effort. The platform had also donated to the 2020 Beirut Explosion, which killed over 200 people and wounded more than 7,000.

Furthermore, the Binance Charity has been doing the best it can to reach out to the vulnerable and war-struck communities. The Charity donated $10 million, last week, to governmental organizations and NGOs to help refugees and children. The crypto platform has also set up a Humanity First – Ukraine Emergency Relief Fund to support the Ukrainian people. The Fund intends to raise around $20 million.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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