Local Web3 Community Launches ‘Crypto Aid Israel’ To Help Displaced Citizens

The fundraising effort is focused on gathering financial support to provide humanitarian assistance to ordinary Israeli citizens who have been impacted by the recent conflict.
On October 9th, 2023, in response to the continuous assaults on Israel, a group of community leaders within the cryptocurrency industry has come together to create ‘Crypto Aid Israel.’ Their mission is to raise funds to assist citizens who have been displaced and require humanitarian support.

Crypto Aid Israel has set up a multisignature wallet, overseen by trusted members of the local Web3 community, which will be utilized for receiving contributions in various cryptocurrencies such as BTC, ETH, USDT, USDC, and more. Collaborative efforts are being forged with a prominent Israeli bank and multiple governmental organizations to ensure the rapid and effective distribution of these donations.
As for the management of cryptocurrency assets, Crypto Aid Israel has gratefully signed up the assistance of Fireblocks. A stringent policy is now in place, mandating that a minimum of four out of seven authorized individuals must approve any transfers of funds from the wallet. All the signatories for Crypto Aid Israel are esteemed figures within the local Web3 community.
Crypto Aid Israel represents an emergency charitable effort established by key figures in the Israeli Web3 sector, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks Israel Blockchain Association, and Bits Of Gold. This initiative aims to initiate a worldwide fundraising campaign in support of Israeli individuals and families facing urgent humanitarian requirements.