Bitget Donates $1.54M to Support Hong Kong Fire Victims
Authorities have confirmed over 128 fatalities and more than 70 people injured, making it the city’s gravest residential disaster in recent memory.
- Bitget donates $1.54M to support victims of the Wang Fuk Court fire.
- Funds split across three Hong Kong charities for medical care, housing, and counseling.
- Over 900 residents remain displaced as investigations continue.
Local shelters are hosting more than 900 displaced residents, and volunteer groups have been delivering basic necessities while structural engineers assess whether neighboring buildings remain safe for habitation. Public pressure has intensified for a complete review of aging high-rise estates and renovation practices across the city.
Bitget joins relief network rather than acting independently
Among companies contributing to the relief effort, crypto exchange Bitget has become one of the largest private donors. Instead of running its own emergency fund, Bitget opted to channel $1.54 million directly to three Hong Kong charities already handling frontline operations, allowing funds to be used without establishing new administrative structures.
- Yan Chai Hospital is receiving the portion earmarked for trauma care and long-term medical treatment.
- Salvation Army Hong Kong will deploy its allocation to help families relocate into temporary housing and secure essentials.
- Po Leung Kuk is tasked with mental-health support and community outreach for families who lost relatives or homes.
By distributing funds across multiple organizations, the donation covers medical, shelter, and psychological support rather than focusing on a single category.
Charity teams will continue working with agencies conducting damage inspection and relocation planning so that assistance remains synchronized rather than duplicated. Part of the effort includes follow-up case management, especially for elderly residents and lower-income households who risk long-term displacement.
Company stance after the donation
Bitget’s leadership issued condolences to families affected and emphasized that urgent financial relief is only one step in stabilizing the situation. The exchange said it expects the rebuilding phase — restoring homes and restoring a sense of safety — to take far longer than the emergency response.
The company pointed to past community-driven initiatives and global collaborations as part of its long-term corporate identity, rather than a sudden shift prompted by the disaster.
Government agencies have launched multiple inquiries focused on renovation work and building materials used in the estate. Recovery personnel remain on-site, and families of missing individuals are still engaged in searches as pressure mounts for policy changes around the safety of older residential buildings.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
