After the severe fire at Wangfuyuan in Tai Po, Hong Kong, the Hong Kong government, traditional enterprises, and the Web3 crypto industry have quickly taken action, investing funds and materials to support the disaster area. The response from all sectors of society has been very swift and warm.

Incident and Official Assistance

On the afternoon of November 26, 2025, a serious fire broke out at Wangfuyuan in Tai Po, Hong Kong, rapidly spreading from the external scaffolding to multiple buildings, resulting in significant casualties. Dozens of injured individuals remain in critical or serious condition, and hundreds of residents have been forced to evacuate and are now homeless. In the face of this sudden calamity, everyone appears equally vulnerable, prompting the entire city to enter an emergency state. Following the fire, the SAR government quickly raised the fire alert to level five, activated the "Whole Government Mobilization Mechanism," established the "Wangfuyuan Assistance Fund," and injected HKD 300 million into it, providing each affected household with an emergency subsidy of HKD 10,000. Multiple temporary shelter centers were opened, nearly a thousand temporary units and transitional housing were identified for resettlement, and a dedicated donation account for both HKD and foreign currency was set up through Bank of China Hong Kong to centrally receive donations from all sectors of society.

• Account Name: Wangfuyuan Assistance Fund
• HKD Donation Account (Bank of China Hong Kong): 012-875-2-190159-7
• RMB and Other Foreign Currency Donation Account (Bank of China Hong Kong): 012-875-2-190160-7
• The government also immediately issued an emergency subsidy of HKD 10,000 to each affected household for urgent living expenses.

At the same time, the risk of fraud has also increased. The police and government departments have repeatedly reminded the public to prioritize donations through government-announced accounts and qualified, regulated charitable organizations, to be cautious with unknown QR codes and fundraising links, to avoid disclosing personal information indiscriminately, and to use anti-fraud hotlines for verification.

Support from Traditional and Internet Enterprises

Several large enterprises and foundations have announced substantial donations and material support, boosting public donation sentiment. These funds are primarily used for emergency rescue, transitional housing, living supplies, medical assistance, and post-disaster community recovery.

• Local real estate and charitable funds such as the Li Ka Shing Foundation and the Li Ka Shing Charity Foundation have made single donations reaching tens of millions of HKD, establishing emergency assistance funds focused on supporting affected families and frontline rescue personnel.
• The Jack Ma Foundation, Alibaba, Ant Group, and AlipayHK have collectively donated approximately HKD 60 million and mobilized logistics systems like Cainiao to deliver food, bedding, and other supplies to the disaster area.
• Technology and internet companies such as Xiaomi, Lenovo, Futu, and Didi have each announced donations of about HKD 10 million for emergency rescue, living supplies, and follow-up work.

Overview of Donations from Web3 and Crypto Institutions

The Web3 and crypto industry has responded very quickly to this disaster, with both fiat currency donations and on-chain crypto asset contributions, reflecting the speed and transparency of the industry. Current publicly available information shows that several leading exchanges, investment institutions, and local Web3 enterprises have participated in donations.

• HashKey donated HKD 10 million to support emergency rescue and the resettlement and recovery of residents affected by the Wangfuyuan fire.
• Avenir Group and its charitable foundation, Avenir Foundation, donated HKD 10 million to support emergency rescue, resettlement of affected residents, and community recovery after the Tai Po fire.
• New Fire Technology and its chairman, Weng Xiaoqi, announced a total donation of HKD 1 million from the company and individuals to assist in the rescue and post-disaster support for the Tai Po fire in Hong Kong.
• OSL Group's management and shareholders donated a total of HKD 3 million in their personal capacity for fire-related rescue and support projects for disaster victims.
• KuCoin donated HKD 2 million through the Tongren Fund, focusing on supporting related firefighter and family assistance projects from the Hong Kong Fire Services Department, as well as related support work after the Tai Po fire.
• MicroBit Capital announced a donation of USD 100,000 (approximately HKD 780,000) to support rescue efforts for the Tai Po fire in Hong Kong, including assistance for affected communities.
• Kong Jianping, founder of Nano Labs, Jack Kong, chairman of Hong Kong Tashih, and Jessica Yang, CEO of ME Group, jointly donated HKD 1 million worth of digital assets, specifically for rescue and post-disaster reconstruction support for the Tai Po fire in Hong Kong.
• UXUY HK Foundation donated 44 BNB (approximately HKD 305,000) to support post-disaster reconstruction in Tai Po, Hong Kong, which will be completed through on-chain transfers, demonstrating the practice of Web3 institutions participating in public welfare with crypto assets.
• Binance donated HKD 10 million to Hong Kong to support disaster relief and subsequent reconstruction efforts for the Wangfuyuan fire, with funds directed to assist affected residents through relevant channels.
• OKX announced a donation of HKD 10 million to Hong Kong to support local emergency rescue and post-disaster recovery efforts.
• Hong Kong Web3 enterprise Animoca Brands, along with its subsidiaries Mocaverse and TOWER Ecosystem Fund, quickly initiated an on-chain donation pool, accepting donations from EVM chains and Solana chains. All funds will be converted to HKD 100% and transferred to the Hong Kong Red Cross for post-fire relief and long-term support for affected families. As of now, this donation pool has received hundreds of donations from the global crypto community, fully demonstrating the efficiency and warmth of the Web3 industry.

Self-Help by Hong Kong Residents and Calls Across the Internet

Offline, many citizens and cross-border residents have spontaneously delivered emergency supplies such as food, clothing, and power banks to the affected individuals. The donation materials quickly piled up near the resettlement points, with public opinion stating that "the spirit of Hong Kong people has not changed." Platforms like Keeta have also urgently allocated free mobile power supplies and other materials to the resettlement points to provide temporary support for residents. At this moment, many families are still waiting in resettlement points and temporary accommodations to get back on their feet, while frontline firefighters and rescue personnel are under immense physical and psychological pressure. Whether through government official accounts, traditional charitable organizations, or compliant Web3 on-chain donation channels, every donation will directly translate into a hot meal, a blanket, or initial funding for rebuilding homes for affected families. It is hoped that friends across the internet will share, pay attention, and participate in donations within their means, using actions to tell the residents of Wangfuyuan in Tai Po: this fire will not break Hong Kong, nor will it extinguish the warmth of Web3 and society as a whole. For ordinary people, the most important thing is to take rational actions of "think twice before acting":

• Prioritize donations through government accounts or registered NGOs with disaster relief experience, rather than scattered and unknown personal fundraising;
• Conduct basic verification before sharing, and if time is insufficient, clearly indicate that the source has not been verified;
• Avoid unorganized rushes to the frontline, focusing energy on volunteer positions with clear needs and long-term support;
• Allow yourself to feel sad or uneasy due to disaster news, and seek psychological support if necessary, while also caring for the emotions of those around you;
• After the "heat subsides," continue to pay attention to structural issues such as post-disaster housing resettlement and long-term reconstruction, using ongoing advocacy and supervision to accompany affected families back to normal life.

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