Bitget Pledges $1.5M to Aid Families Affected by Hong Kong’s Wang Fuk Court Fire
Global cryptocurrency exchange giant Bitget has announced a generous contribution of $1.54 million USD (approximately $12,000,000 HKD) to support the victims of the devastating fire at Hong Kong’s Wang Fuk Court Tower. The incident, considered one of Hong Kong’s deadliest residential fires in recent decades, caused severe loss of life and widespread displacement.
Tragedy Strikes the Wang Fuk Court Community
The five-alarm blaze, which erupted at the Wang Fuk Court estate on November 26, tragically claimed the lives of at least 128 people, injured more than 70, and forced upwards of 900 residents into emergency shelters. In response, an outpouring of public and private sector support has emerged to assist families affected by this catastrophic event.
Authorities have initiated criminal and anti-corruption investigations into the structural renovations at the site, while emergency crews and community services have mobilized to locate missing persons and provide restoration assistance. Bitget’s relief fund aims to help families rebuild their lives.
Fund Allocation: Partnering with Trusted Charities
To maximize the impact of their $1.5 million donation, Bitget has partnered with three of Hong Kong’s most reputable charities:
- Yan Chai Hospital ($640,000 USD / $5,000,000 HKD): Funding will assist emergency medical treatment, rehabilitation programs, and other critical healthcare services for survivors.
- The Salvation Army Hong Kong ($450,000 USD / $3,500,000 HKD): Contributions will facilitate financial assistance, the provision of temporary housing, and support for basic daily needs to those who lost their homes and livelihoods.
- Po Leung Kuk ($450,000 USD / $3,500,000 HKD): Resources will focus on psychological counseling, community outreach, and long-term casework to aid survivors and families in the recovery process.
Bitget emphasized the importance of utilizing the funds transparently and effectively, ensuring survivors receive timely assistance and long-term care. This initiative complements ongoing governmental efforts such as temporary housing programs and construction inspections.
Bitget’s Role in Global Humanitarian Efforts
Founded in 2018, Bitget has cemented itself as the world’s largest Universal Exchange (UEX), with over 120 million users globally. Best known for its comprehensive trading platform with access to cryptocurrencies like Bitcoin, Ethereum, and XRP, as well as tokenized stocks and ETFs, Bitget has also made significant strides in corporate social responsibility.
The company actively contributes to charitable causes around the world, including partnerships with UNICEF to promote blockchain technology education. It is also the Official Crypto Partner of LALIGA and an exclusive partner of MotoGP™, solidifying its reputation as not only a market leader but a firm dedicated to giving back to communities in need.
Support Efforts for the Families of Wang Fuk Court
In the wake of the Wang Fuk Court fire, Bitget expressed heartfelt condolences to those who lost loved ones, urging the global community to provide support. The financial aid allocated through Yan Chai Hospital, The Salvation Army, and Po Leung Kuk covers essential medical, mental health, housing, and livelihood resources, emphasizing a holistic approach to recovery.
Conclusion: Resilience in the Face of Disaster
This tragedy serves as a somber reminder of the importance of community, accountability, and preparedness. Thanks to organizations like Bitget and dedicated charities, affected families have a fighting chance to rebuild stronger, safer foundations for the future.
To learn more about how Bitget is revolutionizing finance and supporting global communities, visit their official website.
