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To assist displaced individuals, a local Web3 community establishes “Crypto Aid Israel.”

The charity campaign aspires to secure funds for delivering humanitarian assistance to civilians in Israel who have been impacted by the recent conflict. A coalition of local luminaries in the cryptocurrency sector, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold, and Cointelegraph, has united forces to establish “Crypto Aid Israel,” a global fundraising initiative aimed at assisting displaced Israeli citizens who are in dire need of humanitarian support.

The ongoing and evolving conflict has exacted a heavy toll on the local civilian populace, with current estimates placing casualties in the thousands. A recent report from the Israeli news outlet Haaretz reveals that attacks on the local Israeli population have resulted in the loss of at least 700 lives, with nearly 2,400 individuals wounded since Hamas’ unexpected incursion on a Saturday morning. In Gaza, the Palestinians report 560 fatalities and over 2,700 injuries.

According to Ben Samocha, CEO of CryptoJungle, the primary objective of Crypto Aid Israel is to provide immediate assistance to those affected: “Our goal is to raise the necessary funds to offer sustenance and shelter to families who have lost their homes. Additionally, we aim to supply hygiene and medical provisions to the beleaguered Israeli civilian populace.”

Crypto Aid Israel is managing a multisig wallet, overseen by prominent figures in the local Web3 community. To contribute and support their cause, you can visit their official website.

As per a press release, the creators of Crypto Aid Israel strongly urge potential donors to exercise caution when verifying that their contributions are directed to the correct wallet: “Given the potential threat of phishing scams and cyberattacks, it is paramount to cross-reference the crypto wallet address with the verified one on our official website. This measure ensures that your funds are not inadvertently sent to addresses obtained through other sources.”

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.