KEY TAKEAWAYS
- Bybit has pledged RMB 5 million to aid relief efforts following a devastating earthquake in Tibet.
- The earthquake resulted in significant casualties and property damage, with over 3,000 buildings collapsed.
- Bybit collaborates with the Red Cross Society of China to provide essential services and long-term rehabilitation.
- Bybit emphasizes compassion and collaboration in supporting affected communities.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has pledged RMB 5 million to support relief efforts following a devastating earthquake in Tibet. The earthquake, which struck on January 7, 2025, has resulted in significant loss of life and property, with at least 126 fatalities and 188 injuries reported. Over 3,000 buildings have collapsed, displacing tens of thousands of people in the remote region near the northern base of Mount Everest.
The 7.1-magnitude earthquake has caused widespread devastation, and extreme winter conditions are complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.
In response to the crisis, Bybit announced its donation in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities. The funds will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts.
Helen Liu, Chief Operating Officer at Bybit, stated, “As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need. Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”
Bybit’s partnership with RCSC aims to ensure swift and impactful assistance to those in need. The company emphasizes the importance of compassion and collaboration in fostering resilience and hope in the face of adversity. More details about Bybit’s relief efforts can be found here.
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