Nonprofit organizations new to cryptocurrency are leading an effort to raise millions of dollars in crypto to aid victims of the region’s major earthquake.
Turkish singer Haluk Levent’s charity Ahbap is leading the response with roughly $2 million in crypto donations raised on the Avalanche, BSC and Ethereum blockchains in less than a day. Local exchange Paribu is also fundraising for two nonprofits assisting in the response.
On Twitter, Levent claimed the addresses had been approved by Turkey’s Financial Crimes Investigation Board (MASAK) in spite of the ban of crypto payments by the nation’s central bank in April 2021. MASAK did not immediately comment.