The cryptocurrency industry has mobilized millions of dollars in relief following the catastrophic fire that swept through Hong Kong’s Wang Fuk Court estate on Nov. 26, one of the city’s deadliest residential disasters in decades.
The blaze, which authorities classified as a five-alarm event, engulfed multiple high-rise blocks in Tai Po, leaving at least 128 people dead, more than 70 injured, and hundreds displaced. Police have since arrested renovation-site directors and a consultant on suspicion of manslaughter as investigations continue.
Bitget Commits $1.4 Million In Immediate Relief
Crypto exchange Bitget announced a HK$12 million ($1.54 million) relief fund to fully support affected families.
According to the exchange, all funds have been transferred and will be deployed through three major Hong Kong charities:
• Yan Chai Hospital – HK$5 million for emergency medical services, treatment for the injured and rehabilitation support. • The Salvation Army Hong Kong – HK$3.5 million for temporary accommodation, household essentials and financial assistance. • Po Leung Kuk – HK$3.5 million for psychological counselling, outreach programs and long-term family support.
Bitget said the relief fund is structured for transparent, timely deployment and aligned with ongoing government emergency measures.
Binance Pledges $1.2 Million For Rescue And Reconstruction
Binance announced on that it would donate HK$10 million (approximately $1.28 million) to support immediate rescue operations and longer-term reconstruction efforts.
CEO Richard Teng posted condolences on X, saying the company hoped its contribution would provide help to affected residents.
Binance stated that funds will be channeled to relief groups assisting survivors of Hong Fu Court, the broader residential section within the complex impacted by the fire.
BingX Donates $642,000
BingX also announced a HK$5 million donation through BingX Charity to support displaced families and community rebuilding.
In a statement, the exchange expressed condolences and said it hoped the contribution would strengthen ongoing relief efforts.
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Justin Sun Pledges Personal Donation
TRON founder Justin Sun posted that he would personally donate toward relief and rebuilding, expressing sorrow for the families affected by the fire.
He said he hoped his contribution would provide “timely assistance and comfort to the community.”
Sun did not disclose an exact amount, but indicated the funds would support both immediate aid and longer-term recovery.
HashKey Group and OKX Announce Additional $1.2 Million In Support
Hong Kong–based digital asset firm HashKey Group and crypto exchange OKX announced donations amounting to approximately $1.29 million (about HK$10 million).
Their contributions will go toward victim support, community rehabilitation and reconstruction programs.
A Concentrated Industry Response to An Unprecedented Urban Tragedy
With more than $4.8 million pledged across major exchanges and prominent industry figures, the crypto sector has emerged as one of the most active private contributors to relief efforts.
The donations add to government emergency funds, temporary housing programmes and ongoing community-led support for survivors and bereaved families.
As authorities continue investigations into renovation oversight, building safety failures and criminal liability, relief work remains focused on providing medical treatment, shelter, financial support and mental-health services to the thousands of residents affected by Hong Kong’s deadliest residential fire since the 1940s.
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