Changpeng Zhao Donates 1,000 BNB to Earthquake Victims

Crypto News

Crypto Aid Rises: Changpeng Zhao Donates 1,000 BNB to Earthquake Victims

Written by Aaron S.,

Editor-In-Chief

Last Updated: April 03, 2025

Key Takeaways

Changpeng Zhao donated 1,000 BNB—nearly $600,000—to help Myanmar and Thailand recover from a deadly 7.7 earthquake;
Damaged infrastructure made cryptocurrency a faster option for sending aid where banks could not operate;
Over $1 billion in crypto has been donated in 2024, with expectations to hit $2.5 billion in 2025.

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Crypto Aid Rises: Changpeng Zhao Donates 1,000 BNB to Earthquake Victims

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Changpeng "CZ" Zhao, the co-founder of Binance $10.13B , donated nearly $600,000 worth of crypto to support recovery efforts after a powerful earthquake struck Myanmar and Thailand.

On April 3, Zhao transferred 1,000 BNB BNB $890.54 tokens to aid those affected. He had previously promised 500 BNB but later increased the amount. His donation was confirmed in an April 3 post on X.

The earthquake, which hit on March 28, measured 7.7 in magnitude and caused serious damage in both countries. Many buildings collapsed, roads were blocked, and floods followed. According to Reuters, there were over 2,700 casualties in Myanmar and 18 in Thailand.

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As traditional systems struggled due to damaged infrastructure, crypto has become a helpful way to send money quickly. With bank access limited in some areas, digital assets allowed for fast support where it was needed.

Crypto-based donations have been rising steadily. In 2024, more than $1 billion in crypto was donated to various causes. Around 16% supported education, while 14% went to health-related efforts.

Following the earthquake, The Giving Block launched a new campaign to raise $500,000 in crypto for relief in Myanmar and Thailand. The group expects that crypto donations could reach $2.5 billion in 2025, as more people use digital assets and policies become more supportive.

Meanwhile, Zhao recently urged Elon Musk to take action against automated accounts on X. Why? Read the full story.