Dynamics of Cryptocurrency Companies in the Hong Kong Fire Incident

A great fire cannot destroy Hong Kong, nor can it stop the warmth and speed of the cryptocurrency industry at critical moments.

Cryptocurrency KOL En Heng (@EnHeng456) announced the completion of a donation totaling 144,444 HKD to the Tai Po Wang Fuk Court Relief Fund supported by the Hong Kong SAR government and the Hong Kong Yan Chai Hospital.He stated: "The losses caused by this fire are heartbreaking. The moment I saw the news, my first reaction was that I should do something within my capacity. Even if my contribution is small, I hope it can bring some support to the affected families. We are taking action, praying for Hong Kong, and doing our part for the rebuilding."

The founder of TRON, Justin Sun, posted on X platform that TRON has completed a donation of 10 million HKD to the Tai Po Hongfuyuan Relief Fund supported by the Hong Kong SAR government, to assist with the rescue efforts related to the Tai Po fire in Hong Kong.

The Vantage Foundation recently donated HKD 1 million to the rescue and post-disaster reconstruction efforts for the five-alarm fire at Hong Fu Court in Tai Po, Hong Kong. This donation has been allocated to a locally recognized charity to provide emergency assistance, including temporary housing, essential supplies, and mid-term recovery support for the community. In addition to financial support, representatives from Vantage's management and members of the public welfare team went to the scene to participate in the rescue efforts, offering comfort and assistance to residents during the recovery process.Vantage stated: "At Vantage, we believe that supporting the community in times of crisis is a responsibility we must undertake. The fire at Hong Fu Court has deeply affected many families, and we hope this donation can help them recover more quickly. We are also proud of the team members who proactively went to the site to express their support; the empathy and cohesion they demonstrated are essential reflections of our corporate values.As a platform for promoting global public welfare projects, the Vantage Foundation has been actively involved in various disaster relief, education, and community projects across Asia and the world. In the future, the foundation will continue to monitor the follow-up developments of this incident and explore further ways to support long-term recovery efforts as needed."

Gate has urgently established a HKD 10 million aid fund to support the living assistance and community reconstruction for residents affected by the fire in Tai Po, Hong Kong.Gate stated, "We will disburse the funds in phases according to actual needs, continuously investing to ensure that aid reaches every affected resident. We pay tribute to the firefighters and rescue personnel who are fighting on the front lines, thanking you for safeguarding lives with your own. At the same time, we extend our deepest care and support to all affected residents, wishing you a swift recovery from this hardship."

On the afternoon of November 26, 2025, a Level 5 fire broke out in Hong Fu Court, Tai Po, New Territories, Hong Kong, resulting in significant casualties and property losses. This severe disaster has touched the hearts of the entire Hong Kong community and even the global Chinese community, prompting urgent actions from all sectors to support the affected residents through donations, supplies, and volunteer services.In this context, the AB Charitable Foundation donated 10 million Hong Kong dollars to the Hong Kong General Association for the Promotion of Peaceful Reunification of China, jointly participating in the fire rescue and post-disaster community reconstruction efforts in Tai Po Hong Fu Court, working together to promote humanitarian assistance and the sustainable development of related public undertakings.Founded in May 2025 in Ireland, the AB Charitable Foundation is dedicated to promoting global public welfare, with a particular focus on vulnerable groups affected by war and natural disasters, especially women and children. This donation not only reflects the core mission of the AB Charitable Foundation of "Technology for Good," but also emphasizes the importance of viewing the Earth as a whole, transcending regional, cultural, and ethnic boundaries to build a truly united and cooperative community of shared human destiny.

Cobo announced a donation of 1 million HKD equivalent stablecoins for the fire rescue and community rebuilding in Tai Po, Hong Kong, and is collaborating with the Hong Kong Red Cross to launch a dedicated "compliance blockchain charity wallet" to ensure that the donations are fully public, transparent, and verifiable.The wallet is now open to the public, and individuals can directly transfer donations to this wallet. All donations will be used for the relevant rescue work. Cobo stated that it will continue to monitor the flow of donations and the progress of post-disaster reconstruction, and is willing to provide free technical support to charitable foundations that require blockchain donation channels.

Previously, Bitget announced a donation of a total of HKD 12 million to Hong Kong to support various efforts including emergency relief for the Tai Po Hong Fuk Court fire, assistance for affected families, and post-disaster reconstruction. The donations will be undertaken and executed by three reputable local charitable organizations.Currently, the entire HKD 12 million has been fully disbursed, as follows:HKD 5 million donated to the Hong Kong Yan Chai HospitalHKD 3.5 million donated to the Hong Kong Salvation ArmyHKD 3.5 million donated to the Hong Kong Po Leung Kuk