Binance Charity has announced a donation of 61.6 million Sri Lankan Rupees (LKR) through the Sri Lanka Red Cross Society to aid relief and recovery efforts for communities affected by Cyclone Ditwah. This information was disclosed in a post on the company’s blog.
The cyclone has resulted in Sri Lanka experiencing its most severe flooding in a decade, with torrential rains and landslides causing significant devastation. According to reports, approximately 410 people have died, hundreds are missing, and over 1.2 million individuals have been impacted. Homes have been destroyed, major roads and bridges have been severed, and more than 20,000 people have sought refuge in emergency shelters as authorities work to restore services and provide urgent humanitarian assistance.
In response to this crisis, Binance Charity has committed LKR 61.6 million (approximately USD 200,000) via the Sri Lanka Red Cross Society for Cyclone Ditwah relief efforts. The funds are designated for emergency food supplies, safe drinking water, hygiene kits, temporary shelter materials, and early-recovery assistance. These resources will prioritize vulnerable families displaced by floods and landslides in the most severely affected districts.
Since its inception, Binance Charity has allocated substantial resources to on-chain philanthropy. As of July 29, 2019, the foundation had distributed crypto donations amounting to 12,298.1 Binance Coin (BNB), 3,427.2 Paxos Standard (PAX), and 2.03 Bitcoin (BTC) across six projects. Of these contributions, 3,983.75 BNB originated directly from Binance itself, which also covers approximately $1.126 million annually in operating costs for the charity.
Binance has gained recognition from Regulation Asia as “Digital Assets Exchange of the Year” due to its leadership in compliance, transparency, and innovation within the industry. The company holds 22 regulatory approvals globally—the highest among cryptocurrency exchanges—and invests hundreds of millions of dollars annually in compliance while employing 1,280 specialists dedicated to compliance-related roles.
