The charity event aims to raise funds for humanitarian aid to help Israelis affected by the recent conflict.
Local leaders in the cryptocurrency space, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold, and Cointelegraph, have united to establish Crypto Aid Israel, a global fundraising effort to help displaced Israeli citizens in need of humanitarian aid.
The ongoing conflict has taken a heavy toll on local civilians, with casualties currently estimated at thousands.
Israeli news outlet Haaretz recently reported that attacks on local residents in Israel have left at least 700 Israelis dead and nearly 2,400 injured since Hamas launched a surprise incursion early Saturday morning. In Gaza, Palestinians reported 560 dead and more than 2,700 injured.
Ben Samocha, CEO of CryptoJungle, said that the goal of Israel Crypto Aid is to provide immediate assistance to those affected:
Crypto Aid Israel is hosting a multi-signature wallet overseen by local Web3 community luminaries to donate and help their cause.
According to a press release shared with Cointelegraph, the creators of Crypto Aid Israel urged those who want to help to be cautious when verifying that their aid is going to the correct wallet:
What do you think of the current Israeli-Palestinian conflict?