A collective of local leaders in the cryptocurrency industry aims to help Israeli citizens in need of humanitarian assistance by organizing a global aid campaign called Crypto Aid Israel. This collective includes companies such as 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks Israel Blockchain Association and Bits Of Gold.

The ongoing conflict is placing a heavy burden on the local civilian population, with thousands currently injured. According to CryptoJungle CEO Ben Samocha, the groups' goal is to provide immediate aid: "We hope to raise the necessary funds to provide food and shelter to families who have lost their homes. We also hope to provide hygiene and medical products to the bombed Israeli civilian population..."

Crypto Aid Israel offers a multi-signature wallet controlled by pioneers in the local web3 community. Those who want to donate and help the cause can visit the website. The creators of Crypto Aid Israel warn that those who want to help should be careful to verify that they are providing assistance to the correct wallet: “Due to possible phishing scams and cyber attacks, please compare the crypto wallet address with the verified one on the official website so that funds are not sent to addresses that may have been sent to you from other sources ."

The Crypto Aid Israel initiative supports both Bitcoin and Ethereum donations.