The earthquake occurred in Mandalay, Myanmar’s second largest city, causing destruction and infrastructure damage. The same was true in Thailand. People felt the trembling of Bangkok, leading to a considerable number of casualties. Authorities have sued international aid as thousands have been injured, with 1,700 deaths reported so far.

On March 28, 2025, Zhao announced a personal donation of 1000 .CWP-Coin-Chart SVG Pass {Stroke width: 0.65! Important; }

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is worth $630,000 to help support relief efforts in both affected countries.

The donations are evenly distributed, with 500 bnbs allocated to Myanmar and another 500 bnbs in Thailand. Zhao will use donated funds to support infrastructure redevelopment, medical assistance and emergency services. He commissioned Binance and Binance Thail to oversee the distribution of funds.

500 BNB will be donated to Myanmar and Thailand.

Is there a DID transparent on-chain donation system? If not, I will rely on you @binance and @binance_th_ Distribute.

– CZ bnb (@cz_binance) March 28, 2025

Zhao’s actions encourage others in the Crypto community to contribute to the ongoing relief efforts. For example, Anndy Lian, an intergovernmental blockchain advisor, has donated 44 BNB to organizations supporting Myanmar’s relief efforts.

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Binance Charity launches Airdrop initiative

Complementing Zhao’s personal donations, Binance Charity has launched an Airdrop initiative to donate up to $1.5 million in BNB to affected people in Myanmar and Thailand. Through this initiative, Binance Charity hopes to provide financial support to those affected through Conking Your Consumer (KYC) and the Proof of Address (POA) protocol.

Eligible users can expect BNB tokens to appear in the Rewards Hub by April 14, 2025. The amounts received by each individual are based on the status and location of the verification.

According to the breakdown of the distribution provided by Binance, all KYC-enhanced non-dormant binance users in Myanmar receive $5 in BNB, while users with both KYC and POA validation in affected regions receive $50 in BNB.

Depending on the devastating earthquake that struck Myanmar and the surrounding area, including Thailand, #binance The charity, supported by Binance co-founder CZ, will begin a joint donation to distribute $1.5 million in BNB token vouchers to users affected by the tragedy of Myanmar. pic.twitter.com/z7szfzrhrn

– Binance (@binance) March 31, 2025

Regarding Thailand, users who are verified with registered living addresses may receive $5 in BNB, but users will be verified at their hard hit zone address. By leveraging blockchain technology, this structured approach to decentralizing aid ensures that those who are most needy are released in a timely and secure way.

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The role of cryptocurrency in relief assistance

Cryptocurrencies are increasingly emerging as an essential tool for humanitarian assistance. Bank restrictions could delay traditional aid, but crypto donations are quick, transparent and bounded. This efficiency is essential for disaster scenarios where rapid and efficient deployment of aid can have a significant impact on recovery efforts.

Crypto has already introduced its potential during the Syrian Turkey (2023) and the Maui Wildfire (2023), and played a key role in quickly increasing funding and solidifying its position as a viable solution in emergencies.

To save children, Giving Block is a number of notable organizations that advocated blockchain donations to quickly and efficiently distribute financial assistance in disaster zones.

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Post-Vinance co-founder and Binance Charity, which will jointly deploy more than $1.5 million in aid to Myanmar and Thailand in the aftermath of the earthquake, first appeared in 99 Bitcoin.

In the wake of a devastating 7.7-magnitude earthquake that struck Myanmar and Thailand on Friday, over 1,700 fatalities have been confirmed and thousands injured across the two nations. The epicenter, located near Mandalay in central Myanmar, caused widespread destruction, including collapsed buildings, damaged infrastructure, and flooding.

In Thailand, Bangkok experienced significant tremors, leading to the collapse of an under-construction high-rise that trapped dozens beneath the rubble. Rescue operations are ongoing as international aid pours into the region to address the humanitarian crisis. Myanmar’s military government has declared a state of emergency and called for global assistance to support relief efforts.

Binance founder Changpeng Zhao leads crypto donations

Among notable contributions to disaster relief, Binance co-founder Changpeng Zhao (CZ) pledged 1,000 BNB tokens—valued at approximately $630,000—split evenly between Myanmar and Thailand. He posted on X on Friday:

“I will donate 500 BNB each to Myanmar and Thailand.”

The post moved many more industry participants to action, including Anndy Liann, thought leader, intergovernmental blockchain advisor, and best-selling author, who stated:

“I will donate 44 $BNB to NPO to help #Myanmar. Earthquake death toll rises to 1,644 amid race to find survivors.”

He also urged his followers to also follow CZ and donate to play their part as well.

The funds are being distributed through Binance Thailand and local partners to ensure efficient allocation for rebuilding infrastructure and providing essential services.

Zhao’s donation highlights the growing role of cryptocurrency in humanitarian efforts, offering rapid and transparent financial aid during crises. This follows a broader trend of crypto donations being used effectively in past disasters, such as the Turkey-Syria earthquake and Maui wildfires.

CryptoSlate recently reported that cryptocurrencies are rapidly transforming global aid, helping charities like Save the Children to reach more people quickly on the ground in disaster zones when help is needed.

As rescue teams continue their work amid challenging conditions, international collaboration remains critical to addressing urgent needs and supporting affected communities.

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The quake caused widespread flooding and extensive damage to infrastructure, particularly in Myanmar, where the epicenter was located roughly 10 miles from Mandalay.

In a post on X, Zhao expressed concern for those affected and said the donations would be distributed through Binance and Binance Thailand.

CZ Says Binance Will Distribute Earthquake Relief Funds If No Trusted On-Chain Platform Found

He noted that if a reliable third-party on-chain donation platform is not identified, Binance will directly handle the distribution of the disaster relief funds.

According to The Guardian, the earthquake has already claimed at least 144 lives, with over 700 others injured.

Rescue teams in both countries are working to recover those still trapped beneath the rubble, and the death toll is expected to rise.

Myanmar’s military leader, Min Aung Hlaing, has publicly appealed for international assistance to aid in the relief efforts.

The use of cryptocurrency in humanitarian aid has gained traction due to its speed, transparency, and ability to bypass traditional banking infrastructure.

In previous disasters, such as the 2023 earthquakes in Turkey and Syria, and the Maui wildfires, crypto-based platforms like The Giving Block helped raise millions of dollars for relief.

The Giving Block has also launched an emergency fundraiser this year for victims of the California wildfires, raising over $1 million to date.

CZ’s Charity Backfires (in a Good Way)

Earlier this month, CZ pledged 150 BNB (around $100,000) to help victims of the now-defunct LIBRA meme coin—only to end up receiving more crypto than he gave.

Zhao’s donation came in response to a campaign started by a college student named EnHeng, who raised $50,000 to support over 40,000 investors impacted by LIBRA’s collapse.

The Solana-based token, promoted by Argentina’s President Javier Milei, briefly soared to a $4 billion market cap before crashing by 91%, wiping out billions in investor funds.

After Zhao publicly shared his donation wallet, crypto contributions poured in, surpassing his initial donation.

“When you give money away, you get more back,” CZ quipped on X.

However, he made it clear he would not keep any of the additional funds, promising to redirect them to other meme coin victims, including those scammed by TST and Broccoli—named after his dog.

Zhao emphasized his actions should not be seen as an endorsement of any meme coins.

Meanwhile, President Milei is under investigation in Argentina for his role in promoting LIBRA, which is now at the center of a growing legal scandal involving fraud, insider trading, and investor deception.

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