Ethereum Co-Founder Vitalik Buterin Donates 50 ETH

Vitalik Buterin (Ethernet co-founder) has so far made at most two substantial donations to the victims of the earthquakes in Turkey and Syria that occurred a week ago.

On February 6, a 7.8 magnitude earthquake struck. It is currently estimated that 33,000 people have died in the earthquake, making it one the most devastating natural disasters of recent decades.

The co-founder and CEO of Ethereum was active in donating Ether (ETH), to help fund rescue efforts for Turkey over the past week. PeckShield blockchain security company says that the co-founder of Ethereum made his latest contribution on February 12. It consisted 50 ETH which is roughly $77,000. This was donated by Anka Relief.

Anka expressed gratitude for the generosity of the co-founders of Ethereum and stated that contributions to cryptocurrency have been coming in since the first day.

“We have seen contributions build up in the pockets of a few of the most prominent NGOs around the globe since the beginning of the crisis. According to the group, it was a great achievement and they will continue to raise additional funds.

Anka has provided a list of crypto wallets that can be used to make monetary donations. The Web3 Relief Support Organization is the driving force behind Ukraine DAO Initiative, which seeks crypto donations to help fund relief operations in the country currently under siege.

Vitalik has now contributed 100 ETH to the relief efforts of earthquake victims. Ahbap is an organization of non-governmental and non-profit that supports humanitarian activities in Turkey. Ahbap was notified by vitalik.eth that 150,000 Ethereum worth of ETH had been sent from an address linked to the site.

Multiple crypto addresses were also provided for different coins Ahbap can receive as contributions.

It claims to have received $4.3 million in crypto contributions so far. Most of these tokens were submitted by stablecoins. Etherscan reports the Ahbap wallet holds 409 ETH. This value was $622,000 at the time of writing.

The Financial Times in London published an article on February 10, stating that cryptocurrency contributions were coming in from around the globe. Diverse businesses have donated more than ten millions dollars worth of cryptocurrency, Binance contributing five million dollars to the relief effort in Turkey.

Binance also announced the distribution, via airdrops, of $100 worth BNB (BNB), tokens to users who reside in the areas that were hit the hardest last week.

This isn’t the first time cryptocurrency has been used to help with earthquake relief. Many relief groups received donations in bitcoin after the 2015 earthquake in Nepal.



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