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Binance founder and former CEO Changpeng Zhao (CZ) has announced a donation of 500 BNB each to Thailand and Myanmar in response to the recent earthquake that struck the region. The pledge aims to provide immediate support to affected communities as they recover from the disaster.
The earthquake, which caused significant damage in parts of both countries, has left many in urgent need of assistance. CZ’s donation, valued at approximately $500,000 in total based on current market prices, reflects ongoing efforts by the crypto community to contribute to global relief efforts.
Binance has previously played an active role in humanitarian aid through its charity arm, Binance Charity, which has supported various crises, including natural disasters and public health emergencies. This latest pledge aligns with the company’s commitment to leveraging cryptocurrency for social impact.
In times of crisis, blockchain-based donations offer a fast and transparent way to distribute aid, ensuring that funds reach those in need without delays or excessive intermediaries. Binance’s move underscores the growing role of crypto philanthropy in global relief efforts.
Authorities and relief organizations in Thailand and Myanmar are currently assessing the full extent of the damage, with recovery efforts underway. CZ’s donation is expected to provide immediate financial assistance to organizations or individuals affected by the earthquake, helping support rebuilding efforts in both nations.
