Ethereum co-founder Vitalik Buterin has donated roughly $230,000 worth of ether to charities to help earthquake victims in Turkey. Last week in Turkey there was a powerful earthquake with a magnitude of almost 8-7.8 points. The death toll exceeded 36,000. Many cryptocurrency companies and exchanges did not remain indifferent to what happened and allocated donations in crypto assets to help the victims. Among them was Ethereum co-founder Vitalik Buterin. On February 12, he sent 50 ETH (about $77,000) to the Anka Relief cryptocurrency fund account, according to analytics firm PeckShield.
The management of the fund expressed gratitude to Buterin and all cryptocurrency companies that transferred funds. Anka Relief Reported Cryptocurrency Donations to Non-Governmental Organizations Since Day 1 of the Disaster. The Fund has published a list of cryptocurrency addresses to which contributions can be sent.
We want to thank @VitalikButerin for donating 50 ETH ~$75k to Anka Relief, a crypto aid fund & community to support Türkiye after the recent earthquakes. https://t.co/kGwXSGWL8J
Dive into the thread below to better understand our mission and ops
https://t.co/92CkxevI5e
— Anka Relief (@AnkaRelief) February 12, 2023
Earlier, on February 11, 99 ETH worth $150,000 was sent from Buterin’s address to Ahbap, a non-profit organization that provides assistance to the people of Turkey.. Ahbap Says It Has Already Received $4.3M in Digital Assets, with Most Donations Coming in Stablecoins. According to Etherscan, there are 409 ETH in Ahbap’s wallet, worth about $622,000.
Vitalik Buterin is convinced that cryptocurrencies should be used for good purposes. In 2021, he sold all of his holdings of meme cryptocurrencies for 15,719 ETH and donated the proceeds to charities, including the coronavirus fund.
This is not the first time that cryptocurrencies have been used to help people affected by natural disasters. For example, back in 2015, the miner manufacturer BitFury, together with the Georgian Investment Fund, organized a fundraising in bitcoins to help flood victims in Tbilisi.