Charity campaign Crypto Aid Israel launches fundraising effort following Hamas attacks

The charity campaign seeks to raise donations in the wake of the Hamas attacks


faridan hadi rukmana/Shutterstock modified by Blockworks


Crypto Aid Israel, a humanitarian fundraising effort, is seeking crypto donations for Israeli citizens following this weekend’s attacks by the Islamic militant group Hamas.

The campaign’s goal is to help “displaced citizens in need of humanitarian aid.” This includes raising money to provide food, shelter, hygiene and medical products to impacted citizens.

The charity campaign, spearheaded by a group of Israeli blockchain firms, launched Monday. Firms including MarketAcross, CryptoJungle, Blockchain B7, Efficient Frontier, and Fireblocks, among others, have signed on to the initiative. 

A multi-signature wallet will be hosted by Crypto Aid Israel to collect donations, which can be made with bitcoin (BTC), ether (ETH), USDT, USDC, and others. 

“With regard to management of the crypto assets, Crypto Aid Israel has graciously accepted the help of Fireblocks,” a press release accompanying the announcement said. For safety reasons, four out of seven signatures will be required in order to move funds out of the wallet. 

CBS News reports that nearly 1,300 Israelis and Palestinians have died since hostilities began this weekend. 

Over the weekend, Israel declared war against Hamas, which controls the Gaza Strip. The Gaza Strip is home to more than 2 million Palestinians and has been the target of an Israeli economic and military blockade since 2007. Hamas has been designated as a terrorist group by the US government. 

The war declaration came after Hamas launched a multi-prong assault on Israel on Saturday, the latest outbreak of violence in a decades-old conflict. 

Palestinian support groups have also sought to use crypto to fundraise, including the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). The UNRWA partnered with The Giving Block, a crypto donation platform, in 2021. 

In recent years, crypto has emerged as a vehicle for humanitarian fundraising and financial resources in conflict areas. Tens of millions of dollars worth of crypto were raised to support the Ukrainian government following Russia’s invasion in early 2022.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space


Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?


Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month


It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet


Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend


Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million