“I hope everyone is safe in Thailand,” the Binance founder wrote in a March 28 post before announcing donations to both earthquake-affected countries.
The Guardian reported that at least 144 people have been confirmed dead as a result of the catastrophic earthquake, as first responders in both countries continue rescue efforts to free those trapped under the rubble.
The earthquake struck on March 28 at approximately 1:20 p.m. local time. The epicenter was approximately 16 kilometers (10 miles) from Mandalay, Myanmar's second-largest city.
The death toll in both countries is expected to rise as relief efforts continue, with 732 people reported injured as a result of the earthquake.
Myanmar's military junta leader, Min Aung Hlaing, called on any country willing to assist in disaster relief efforts to offer whatever assistance it can.
Cryptocurrency donations increase aid in times of crisis
The cross-border efficiency, low transaction costs, and near-instant settlement times of cryptocurrencies make digital assets an ideal vehicle for disaster relief funds.
Following a 7.8 magnitude earthquake that struck Türkiye and Syria in February 2023, entrepreneur Haluk Levent began raising funds for disaster relief in cryptocurrencies.
The Giving Block, a company that works with nonprofits to facilitate cryptocurrency donations, also used cryptocurrencies to raise funds for victims of the 2023 Maui wildfires and was able to donate over $1 million to relief efforts.
Most recently, in January, The Giving Block launched a fundraising campaign for emergency relief for those affected by the California wildfires in Los Angeles and surrounding areas.
At the time of this writing, the organization has raised over $1 million for the California wildfire relief fund.
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