Cryptocurrency exchange Bybit has announced a humanitarian donation to support communities affected by devastating floods in Eastern Cape, South Africa.
Humanitarian Aid from Bybit
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced its humanitarian aid to support communities affected by severe flooding in Eastern Cape. This initiative underscores Bybit’s commitment to social responsibility and its dedication to helping in times of crisis.
Partnership with Gift of the Givers
Bybit is partnering with the Gift of the Givers Foundation, one of Africa's largest disaster response NGOs, to assist in recovery and rebuilding efforts. 'At Bybit, we believe our responsibility extends beyond innovation in finance,' said Wilson Ogheneovo, Head of Africa at Bybit.
Consequences of Flooding in Eastern Cape
Since June 9, 2025, Eastern Cape has been experiencing heavy rains, floods, and landslides, leaving entire communities submerged. The South African government has declared a state of disaster, with recovery operations ongoing in some of the country’s most vulnerable areas. 'Rebuilding lives goes beyond bricks and mortar; it’s about restoring dignity and re-igniting hope,' noted Badr Kazi, Director of Strategic Partnerships at Gift of the Givers.
Bybit's humanitarian action reflects the company's broader mission to empower communities during challenging times and emphasize the importance of recovery and rehabilitation.
