“We are focusing on local support through philanthropy and collaboration,” the statement reads.
In addition, the Binance Charitable Foundation launched the Emergency Relief Fund to provide emergency aid to Ukraine through cryptocurrency crowdfunding.
“On February 24, 2022, Russia launched a full-scale military invasion of Ukraine. The conflict could become a humanitarian disaster.
Forty-eight hours after Russia launched a full-scale invasion of Ukraine, the UN reports that 120,000 people have already fled their homes. Neighboring countries are accepting refugees. Poland, for example, estimates that it can take in up to 1 million refugees.
In response to this crisis, we are donating $10 million to major intergovernmental organizations and local nongovernmental organizations on the ground to help provide emergency aid to refugees and children.
And to provide local logistics: food, fuel and supplies for refugees in countries bordering Ukraine.
To help the people of Ukraine, please join us by donating cryptocurrency right here,” the statement reads.
Thirty-eight donors have already donated $5.9 million to the fund.