Binance Crypto exchange charity arm donates to Lebanon

In a newly launched Beirut Relief Fund campaign, Binance Charity has committed $20,000 in donations for the victims of the August 4 explosion in Beirut, which claimed more than 150 lives, injured 5,000 people, and caused 300,000 more to lose their homes.  In order to help Beirut and the rest of Lebanon in this time of need, Binance Charity has earmarked $10,000 in direct donations. Through their newly launched the Beirut Relief Fund campaign, Binance is also asking the blockchain community to donate and help Beirut weather the crisis. According to the Binance blog, for every dollar amount of crypto donated for this cause, Binance will donate an equal amount, until they reach a total of $10,000.  

Beirut’s port district suffered from a blast powered by a storage unit filled with 2,750 metric tonnes of ammonium nitrate, a highly explosive chemical typically used in agricultural fertilizers and explosives. 

“With our condolences, our hearts go out to those who are suffering and have lost loved ones. We stand with you, Lebanon, and we at Binance will work closely with local partners to help improve conditions and livelihoods,” said Helen Hai, Head of Binance Charity.