Bybit Commits Humanitarian Aid to Eastern Cape Flood Victims in Partnership with Gift of the Givers

Dubai, UAE, July 11th, 2025, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a humanitarian donation to support communities affected by severe flooding in South Africa’s Eastern Cape province. In partnership with Gift of the Givers Foundation, one of Africa’s largest disaster response NGOs, Bybit aims to assist with recovery and rebuilding efforts following devastating floods that have resulted in significant loss of life and displacement of thousands.

This initiative underscores Bybit’s ongoing commitment to social responsibility and supporting communities in crisis worldwide. The Eastern Cape, with its infrastructure severely damaged and essential services disrupted, faces a challenging path to recovery. Bybit’s contribution will directly bolster Gift of the Givers’ campaign to “Rebuild Flood-Stricken Communities in the Eastern Cape.”

“At Bybit, we believe our responsibility extends beyond innovation in finance,” said Wilson Ogheneovo, Head of Africa at Bybit. “We are deeply saddened by the tragedy unfolding in Eastern Cape and stand in solidarity with those affected. Through our support of Gift of the Givers, we hope to contribute meaningfully to the relief efforts and help restore dignity and hope to families who’ve lost everything.”

Since June 9, 2025, the Eastern Cape has experienced torrential rain, floods, and landslides, leaving entire communities submerged and stretching rescue operations due to limited resources. The South African government has declared a state of disaster, with recovery operations ongoing in some of the country’s most vulnerable areas.

“Rebuilding lives goes beyond bricks and mortar; it’s about restoring dignity and re-igniting hope,” said Badr Kazi, Director of Strategic Partnerships, Corporate and Government, of the Gift of the Givers,. “We are grateful for Bybit’s generous support, which allows us to extend critical relief and infrastructure restoration to those who need it most. Partnerships like these make our mission possible.”

This humanitarian action reflects Bybit’s broader mission to empower communities through impactful initiatives — whether by building financial freedom through Web3 or extending a helping hand in times of crisis.

Bybit Fintech FZE is a Juristic Representative of Altify SA Capital (Pty) Ltd, an authorised financial services provider (FSP no. 52727), ), registered under South African company number 2022/321703/07.

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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 partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, 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 at Bybit.com.

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