Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake

DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency trade by buying and selling quantity, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a path of destruction and heartache.

The tragedy has claimed at the very least 126 lives, injured 188 individuals, and displaced tens of 1000’s as over 3,000 buildings collapsed within the distant area close to the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Pink Cross Society of China (RCSC) to assist essential aid and restoration efforts within the affected communities.

The 7.1-magnitude earthquake, which struck on January 7, has triggered widespread devastation, with excessive winter situations complicating rescue operations. Greater than 14,000 rescue staff have been mobilized to seek for survivors amid sub-zero temperatures and powerful winds, highlighting the pressing want for speedy assist.

“As a accountable world chief within the blockchain business, Bybit is dedicated to standing with communities of their time of want,” mentioned Helen Liu, Chief Working Officer at Bybit. “Our ideas are with the survivors, the rescue groups, and the households affected by this tragic occasion. We hope our contribution will assist present much-needed aid and assist the highway to restoration.”

The donation shall be directed in direction of important companies, together with emergency shelter, medical provides, and meals assist, in addition to long-term rehabilitation efforts. Bybit is proud to companion with RCSC to make sure swift and impactful help to these in want.

At Bybit, we firmly consider within the energy of compassion and collaboration. This contribution displays our dedication to fostering resilience and hope within the face of adversity.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency trade by buying and selling quantity, serving a worldwide neighborhood of over 60 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating a less complicated, open and equal ecosystem for everybody. With a robust concentrate on Web3, Bybit companions strategically with main blockchain protocols to supply strong infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fanatics to unlock the complete potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.

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