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Cryptocurrency donations have become a vital solution as Gaza faces banking restrictions, frozen financial channels and near-impossible conditions for aid distribution.
However, the same environment of despair and fragmented infrastructure has opened the door to dubious “humanitarian” operations that have recently emerged.
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Public aid grows through digital currencies
Cryptocurrency donations have becomeā¦ A vital solution in Gaza, which has been devastated by war. In this environment, Digital assets provide a quick, cross-border way to overcome political and logistical barriers What prevents Traditional help.
Amidst this shift towards digital lifelines, several popular campaigns have gained attention.
One is led by the pseudonymous trader Loopify, who has amassed more than $2.1 million in cryptocurrencies for Gaza since the start of the war.
Cryptogaza.com shows that 946 people have donated cryptocurrency to Palestinians in Gaza in the past year. These efforts It shows how digital tools can provide direct support When there is limited access to banks.
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Smaller personal campaigns are also emerging. A viral example is a young man from Gaza who posts daily about displacement, food shortages and airstrikes.
He trains with makeshift equipment and uses his Instagram account to collect donations in digital currencies. He says he has raised more than $45,000, noting that a bag of flour now costs about $360 in Gaza.
These initiatives illustrate how digital currencies have become My practical lifewhich provides speed and ease of access when other channels of help fail.
But the same tools that enable transparent and community-driven relief can also be abused.
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When help becomes doubtful
Al Jazeera reported earlier this month that a little-known group called “Glory Europe” was organizing evacuation flights from Gaza andCryptocurrencies are accepted as a means of payment.
The organization presents itself as a humanitarian agency, but investigators quickly found major red flags.
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The Glory Europe website was only registered this year. The example materials included with the leaders appear to be generated by artificial intelligence. The group has offered almost no verifiable information about its operations.
Despite this, he promoted evacuation flights for Palestinians trying to escape the conflict.
The company provides for families Digital currencies as a means of payment. Some said they pay between $1,000 and $2,000 per person. The fees were also applied to children, raising concerns about exploitation during the crisis.
The group’s lack of transparency worries investigators, who fear civilians are being targeted by unregulated actors posing as aid providers.
Overall, these cases show how digital currencies canā¦ Support a real relief And they also create opportunities for abuse.
