The co-founder of Ethereum, Vitalik Buterin, donated a sizable contribution to Ahbap Earthquake Support to help in the recent earthquake relief efforts in Turkey and Syria.
Turkey was severely affected by a massive 7.8 magnitude earthquake that rocked the country on February 6. Over 9,000 people have died as a result of the earthquake, making it one of the deadliest since Fukushima in 2011. In addition to taking lives, the calamity also left thousands of people injured and homeless while wrecking extensive harm.
As search and rescue operations go on in the wake of this tragedy, the situation for people impacted by the earthquake remains dire. Transaction information from EtherScan reveals that Buterin gave 99 ETH, or around $150,000, to Ahbap Earthquake Support.
The beneficiary wallet contains roughly 393 ETH($600,000) with a total value of more than $1.55 million, and the transfer of ETH was verified by transaction data. Buterin’s donation is evidence of the expanding, anticipated trend of using cryptocurrency for philanthropic contributions.
It was verified that ETH had been sent from Buterin’s wallet address “vitalik.eth” to the wallet designated as “Ahbap Yardm / earthquake Support” (0xe1935271D1993434A1a59fE08f24891Dc5F398Cd). Approximately 393 ETH, which at the time of writing is worth nearly $600,000, are present in the receiver wallet. The total worth of the items in the wallet exceeds $1.55 million.
Ahbap is a nonprofit organization that is gathering funds in order to aid the earthquake disaster victims. The charity has so far received $4,207,562 in bitcoin donations, according to its official website.
The organization’s efforts to aid individuals affected by the disaster are anticipated to benefit greatly from this sizeable gift from Buterin. The donation serves as a further illustration of how widely used cryptocurrencies are for charitable giving. In comparison to conventional procedures, it enables faster and more effective fund transfers.