Since devastating earthquakes hit parts of Turkey and Syria in February, blockchain analytics firm Chainalysis estimates that around $5.9 million of crypto donations have been made to support relief efforts in the region.
The Turkish Ministry of Interior’s Earthquake Humanitarian Aid campaign, the Turkish Red Crescent, Save the Children and Project Hope have all received cryptocurrency-based donations. In addition, several cryptocurrency exchanges, including Binance, Bitfinex, OKX and KuCoin, donated more than $9 million to support victims in the area.