Binance Donates $1M to the Victims of Typhoon Maria in Japan

Binance is donating $1 million to the areas in Japan affected by the devastation brought about by typhoon Maria. So far, the calamity has already claimed 72 people, with over 40 more missing, NewsBTC reported.

Rescue operations are well underway as police departments, fire departments, self-dense agencies, and the Japanese coast guard are coordinating efforts to mitigate the damages. The prefectures of Ehime, Okayama, and Hiroshima are reportedly the ones that took the brunt of the storm’s fury.

Binance’s donation will help with the efforts towards limiting the casualties of the flood, as well as aid in rebuilding infrastructure damaged by the natural disaster. Aside from donating, the crypto exchange has also rallied its community, urgings users of the platform to donate to an assigned digital wallet dedicated for the victims.

Moreover, the relief effort has been rushed by the company given how quick the incident developed. In a tweet, Binance explained how the company is coordinating efforts to help the Japanese people.

“Given the short time, we had to keep this very simple for this time. We will build something more systematic later,” said Changpeng Zhao, founder and CEO of Binance

Those who wish to contribute to this relief initiative can go this link and send their donations. So far, the dedicated digital wallet has already received around $90,000 worth of Ethereum and $1.05 million worth of ERC-20 tokens.

Even though Binance has been going through struggles of its own, it still opted to lift some of the weight on the shoulders of those who have been affected by Maria. Last week, the crypto exchange company halted its operation following an attack from hackers who exploited vulnerabilities of one of its tokens.