Vitalik Buterin, the co-founder of one of the most famous cryptocurrencies Ethereum, has reportedly donated a significant amount of Ethereum to victims of the recent earthquakes in Turkey and Syria. The powerful 7.8 magnitude earthquake that struck Turkey on February 6th reportedly had a devastating impact on the region.
The devastating earthquake surpassed the 2011 Fukushima earthquake as the deadliest ever recorded. Over 9,000 people were killed in the earthquake. Aside from taking lives, the earthquake also caused widespread devastation, with thousands of people injured and displaced. The earthquake’s aftermath is still fresh, as are the search and rescue efforts.
Vitalik Buterin Helps
The co-founder of Ethereum donated around $150,000 or 99 ETH to the Ahbap Earthquake Support, according to EtherScan transaction data. According to sources, a transfer of ETH from Buterin’s wallet address “vitalik.eth” to the recipient wallet marked “Ahbap Yardm / earthquake Support” was successfully completed.
According to the current market rates, the receiver currently has about 393 ETH, which is equivalent to nearly $600,000. The recipient currently has more than $1.55 million in their wallet. Behind the aforementioned recipient is the non-profit Ahbap, which is well-known for preparing to assist earthquake disaster victims. According to the websites of the aforementioned non-profit organizations, they have already received more than $4 million in cryptocurrency donations.
Buterin’s significant contribution to the non-profit organization is expected to have a positive impact on its efforts to assist earthquake victims. Furthermore, the aforementioned donation is expected to highlight the growing acceptance of cryptocurrency as a means of making charitable contributions.
Local artists, as well as the founder of AHBAP, Haluk Levent, have expressed their delight at the influx of cryptocurrency donations. This is because, in addition to Buterin’s ETH donation, the respective non-profit organization received an estimated $5 million from Chainalysis, all of which was intended for earthquake victims in Turkey and Syria.
Elliptic, a Chainalysis competitor, is said to have confirmed the estimates. According to reports, the aforementioned firms discovered that several other crypto firms have pledged more than $10 million in crypto tokens for donation. Binance, the largest cryptocurrency exchange platform, has pledged half of the stated amount.