PayBit pledges 5 million Chinese yuan to support relief efforts following the devastating Tibet earthquake – CryptoMode
DUBAI, United Arab Emirates, January 16, 2025 /PRNewswire/ — Bybitthe world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of devastation and heartache in its wake.
The tragedy claimed at least 126 lives, injured 188, and displaced tens of thousands, as more than 3,000 buildings collapsed in the remote area near the northern base of Mount Everest. In response, Bybit has allocated RMB 5 million in cooperation with the Red Cross Society of China (RCSC) to support important relief and recovery efforts in affected communities.
The 7.1-magnitude earthquake, which struck on January 7, caused widespread devastation, with harsh winter conditions complicating rescue operations. More than 14,000 rescue workers were mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.
“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” he said. Helen Liu, Chief Operating Officer of Bybit. “Our thoughts are with the survivors, rescue teams and families affected by this tragic event. We hope that our contribution will help provide much-needed relief and support the path to recovery.”
The donation will be directed toward essential services, including emergency shelter, medical supplies, and food assistance, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure rapid and impactful assistance to those in need.
At Bybit, they firmly believe in the power of empathy and collaboration. This contribution reflects their commitment to promoting resilience and hope in the face of adversity.
#Bybit / #TheCryptoArk
About Paybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit strategically collaborates with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Known for its secure custody, diverse markets, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance on Bybit.com.
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