Hong Kong Fire Sparks Crypto Fundraiser: Exchanges Race to Aid Victims

Among the contributors, the MEXC

$2.84B

Foundation announced a commitment of HK$5 million, roughly $640,000.

The exchange shared plans to coordinate with charitable groups and authorities to confirm that support reaches those affected. According to official statements, the MEXC initiative aims to deliver prompt assistance to individuals whose lives were disrupted by the fire.

Additionally, Bitget

$1.31B

stated it would deliver HK$12 million, approximately $1.5 million, to support ongoing community relief projects in Hong Kong.

The company explained that its donation reflects its efforts to provide direct aid to families in need and to help rebuild essential facilities in the area. Company representatives noted that such situations call for immediate, targeted action by the private sector.

OKX

$2.01B

and HashKey

$91.01M

confirmed they are each contributing HK$10 million to the cause. Both organizations coordinated with local authorities and charities to distribute relief as quickly as possible.

The funds will be used to support families impacted, cover emergency medical costs, and assist with recovery plans in Tai Po.

Meanwhile, Coinbase

$1.74B

recently announced plans to launch its decentralized trading option, called “DeFi Mullet”, for users in Brazil. How does it work? Read the full story.