Binance Charity, the philanthropic division of the global cryptocurrency exchange Binance, has announced a donation of 10 million Hong Kong dollars (HKD) to The Community Chest of Hong Kong. This contribution aims to support households affected by the Tai Po fire, as said on the Binance Community Blog.
Following a significant five-alarm fire at Wang Fuk Court in Tai Po, Hong Kong, Binance Charity committed HKD 10 million to The Community Chest’s Tai Po Fire Relief Fund. According to Binance Charity, this donation is intended to provide rapid and essential financial support so that displaced families can secure basic needs, regain stability, and begin rebuilding. This action underscores Binance's commitment to responding swiftly to local crises.
Binance Charity also announced a separate donation of $200,000 USD for emergency relief and long-term recovery efforts following severe flooding in several central provinces in Vietnam in November 2025. The funds are allocated towards essential supplies, support for affected households, and rebuilding community infrastructure. This initiative highlights how Binance applies blockchain-enabled giving to address real-world humanitarian emergencies across Asia.
Binance frames its "responsible growth" strategy around robust Anti-Money Laundering (AML) and Know Your Customer (KYC) controls. These measures are supported by significant investments in compliance technology and specialist teams. Between December 2022 and May 2025, Binance's proactive risk engines and monitoring systems reportedly helped more than 7.5 million users avoid approximately US$10 billion in potential fraud losses. Additionally, over 400 law-enforcement training sessions were conducted to strengthen global crypto crime-fighting capacity.
Since its inception in 2018, Binance Charity has delivered more than US$40 million in humanitarian aid, supporting over 3.9 million people across 46 countries through disaster relief, education, and financial inclusion initiatives. As the nonprofit arm of Binance’s global ecosystem, it operates with all operating costs covered by Binance itself so that 100% of donated funds go directly to charitable projects and end beneficiaries. This approach enhances transparency and builds donor trust.