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Cryptocurrency Assistance Mobilized for Israel’s Conflict Victims

Through the power of blockchain and cryptocurrency, a supportive initiative known as Crypto Aid Israel has been brought to life by the proactive Web3 community of Israel. This newfound project aims to gather and generate much-needed cryptocurrency donations. The ultimate aim is to deliver aid to the vast number of Israelis who’ve been displaced due to unexpected attacks by Palestinian militants from Gaza.

Unity shown by Web3 Companies towards Crypto Aid Israel amidst Unrest with Hamas

In the face of recent challenges, a team of Web3-focused firms, including the Israeli Blockchain Association, have pooled their resources to create Crypto Aid Israel. This fund has a solemn goal to accumulate donations, converted from digital assets, to aid Israeli citizens caught in what is described as a war with Hamas by their government.

On a regretful day in October 2023, the Hamas movement, seen as a terrorist group by multiple countries, took forceful action. They launched a large-scale invasion comprising of land, air, and sea attacks on the south of Israel, initiated from the Gaza Strip under their control. The aftermath saw 900 confirmed casualties and a heart-wrenching exodus of people from their homes on both sides.

The Crypto Aid Israel fund, which was immediately established two days post the Hamas offensive launch, aims to divert crypto resources to those Israelis in dire need of relief assistance. Supporters of this initiative include renowned platforms such as Cryptojungle, Collider Ventures, 42studio, and Marketacross, among others. The core team behind the project expressed:

“Due to the ongoing war in Israel, a collective of local crypto space leaders have joined hands to formulate Crypto Aid Israel. With the aim to gather funds urgently needed for displaced citizens whose unbearable situation demands humanitarian aid.”

Widely accepted and popular cryptocurrencies, and stablecoins like bitcoin (BTC), ethereum (ETH), tether (USDT), and USD Coin (USDC), are accepted as donations. They will be safeguarded in a multi-signature wallet, managed and cared for by crypto custody firm Fireblocks, with help from Israeli banks. Initial collection rates have crossed the $50,000 mark.

In addition to the fundraising, Israeli law enforcement is teaming up with the Defense Ministry and intelligence agencies to freeze Hamas’ cryptocurrency accounts. In this drive the cyber division of the Israel Police’s Lahav 433 unit, also known as the “Israeli FBI,” takes the lead. According to reports, a crypto exchange is cooperating with Israeli authorities to trace and suspend the accounts Hamas uses to gather funds. Lahav 433 is also working with UK police to freeze a Barclays bank account.

Willing to contribute to the Crypto Aid Israel initiative? Offer your generous assistance now!

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Frequently asked Questions

1. What is the purpose of the Crypto Aid Fundraiser?

The purpose of the Crypto Aid Fundraiser is to provide support and assistance to the victims of the recent Hamas attack in Israel through the use of cryptocurrencies. By utilizing digital currencies, we aim to streamline the process of collecting donations and ensure that the aid reaches those in need efficiently and transparently.

2. How can I contribute to the Crypto Aid Fundraiser?

Contributing to the Crypto Aid Fundraiser is simple and secure. You can donate your preferred cryptocurrency by following the instructions provided on our website. We accept a wide range of digital currencies, making it convenient for donors from around the world to support the victims of the Hamas attack.

3. Will my donation be anonymous?

While we respect your privacy, we also understand the importance of transparency in charitable endeavors. Therefore, unless specifically requested, all donations made through the Crypto Aid Fundraiser will be publicly recorded on the blockchain. This way, we can ensure accountability and maintain the integrity of the fundraising process.

4. How will the funds raised be used?

The funds raised through the Crypto Aid Fundraiser will be utilized to provide immediate assistance to the victims affected by the Hamas attack. This includes covering medical expenses, providing shelter, offering psychological support, and facilitating the rebuilding of damaged infrastructure. We will work closely with reputable organizations on the ground to ensure that the funds are allocated effectively and efficiently.

5. Is my donation tax-deductible?

As regulations regarding cryptocurrency donations vary across jurisdictions, we recommend consulting with a tax advisor or relevant authorities in your country to determine if your contribution to the Crypto Aid Fundraiser is tax-deductible. We will provide the necessary documentation for transparency and reporting purposes upon request.

6. How can I stay updated on the progress of the Crypto Aid Fundraiser?

We will regularly update our website and social media channels with the latest information regarding the Crypto Aid Fundraiser. Additionally, we encourage you to subscribe to our newsletter to receive timely updates on the impact of your donation, testimonials from beneficiaries, and future fundraising initiatives.

7. Can I volunteer or offer support in other ways?

Absolutely! Aside from monetary contributions, we understand the value of volunteers and other forms of support. If you are interested in volunteering your time, skills, or resources to assist the victims of the Hamas attack, please reach out to our team via email or through the contact information provided on our website. Together, we can make a difference.

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