Binance Receives Letter of Appreciation from Japan for Charity Efforts in 2018, Twitter User Accuses CZ of Hypocrisy

Libra Coin News
Fri, 08/09/2019 - 09:44
Yuri Molchan
Binance has just spread the word that it had received a letter of appreciation for its help with donations back in summer 2018 when the floods burst out in Japan
Cover image via U.Today

As per the Binance’s recent tweet, the mayor of the city of Kure located in West Japan has send the company a letter of gratitude for the efforts that the Binance Charity Foundation (BCF) took to collect donations for the victims of the floods in Japan last year. 

Among the biggest donations came from Binance and the Tron Foundation.

Floods hit Japan in summer of 2018, Binance was quick to respond

The floods were caused by heavy rains that hit the South and West of Japan in the summer 2018. There were not only floods but also huge flows of mud. 

Over two hundred dead were found in about 15 regions of the country. A dozen people went missing and around 20 thousand houses were heavily damaged.

To help the victims of the natural disaster, the Binance Charity Foundation managed to raise $410,000. However, many more donations came in crypto, mainly ERC20 tokens – that was around $1,410,000.

Thanks to Binance, over 41,000 people got shelter, food, medical aid, etc.

Bitcoin Dominance Is About to Hit 70 Percent

Binance-made charity

After that, the BCF also set up a charity program providing free lunches to schools in Uganda – for local students and school staff members. The donation program was conducted in BNB.

Later on, when the world-famous Notre Dame de Paris caught fire, Binance CZ initiated donations collecting for restoring the Cathedral. He also suggested raising money for those who BSV’s leader Craig Wright sues and who cannot afford legal expenditures.

Hypocrisy accusations towards Binance

Overall, the community’s reaction to the news has been quite neutral so far. No comments with admiration, congratulations or encouragement have been posted.

One user, however, accused Binance of hypocrisy, saying that donation collecting for major disasters, like the floods in Japan or Notre Dame, are merely self-promotion for those who collect them. He pointed out that wealthy celebrities and companies have already donated enough to rebuild the cathedral. However, he states, nobody collects donations for less well-known disasters, like those in Yemen or Indonesia.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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