Crypto Companies Pledge HK$57 Million in Immediate Relief Following Hong Kong's Deadliest Fire

In response to the tragic fire at a residential tower in Tai Po, Hong Kong, this week, leading cryptocurrency firms including Binance and HashKey have collectively committed HK$57 million (approximately $7.3 million) in emergency aid. The funding will assist local relief teams as they begin recovery efforts. The disaster, which occurred on November 26 at Wang Fuk Court, was designated as a Level 5 fire—the most severe classification—marking it as the deadliest residential fire in over a decade, resulting in numerous fatalities and displacing many families. Currently, official reports confirm at least 94 deaths, 76 injuries, and nearly 300 individuals unaccounted for. In light of this tragedy, prominent crypto enterprises are rallying together to facilitate rescue operations, support affected families, and aid in rebuilding efforts. Binance expressed its condolences, stating, “We extend our deepest condolences to all residents affected in Tai Po, and pray that the deceased rest in peace and the living remain strong.” HashKey echoed these sentiments, saying, “Our hearts are with all those affected by the tragic Tai Po fire in Hong Kong, a city that is home to the core of the HashKey community.” Contributions include HK$10 million each from Binance, HashKey Group, and Avenir Group, alongside a HK$2 million donation from KuCoin. Matrixport has also confirmed a donation of HK$3 million, while Bitget announced its commitment of HK$12 million for community reconstruction efforts. Additionally, TRON and HTX have teamed up to donate HK$10 million to support ongoing rescue efforts. This collective effort reflects the crypto sector's history of providing assistance during emergencies, including prior contributions to disaster relief in Turkey, Syria, and Morocco.