On November 26, 2025, a severe fire broke out at Wang Fuk Court in Tai Po, New Territories, Hong Kong, marking one of the most serious fires in Hong Kong in decades. The fire quickly escalated to a Level 5 alarm, affecting multiple residential buildings. This disaster has touched the hearts of the entire society, with the death toll rising to 94, and over a hundred people still missing and undergoing search and rescue operations. In the face of immense grief and challenges, an unexpected group—the cryptocurrency industry—mobilized with astonishing speed and generosity, becoming one of the first industries to make large-scale donations, demonstrating its social responsibility through concrete actions.
- The Tragedy of Wang Fuk Court: Hong Kong's Most Severe Fire in Decades
On November 26, a severe fire occurred at Wang Fuk Court in Tai Po, New Territories, quickly escalating to a Level 5 alarm, affecting multiple residential buildings.
Heavy Casualties: As of the morning of November 28, the fire has resulted in 94 deaths, including one confirmed 37-year-old firefighter and two Indonesian domestic workers. At least 76 others have been injured, including 11 firefighters. Chief Executive John Lee stated yesterday morning that 279 people remain missing, and the death toll is expected to rise further.
A Historic Disaster: This is the most severe fire in Hong Kong since 1948, when an explosion resulted in 135 deaths.
Fire Control and Rescue: After more than 24 hours of fighting, the fire has been controlled in 4 of nearly 2000 residential units in the large complex, but sparks and smoke continue to emerge intermittently, and firefighters are continuously spraying water to cool down the area. Rescue personnel are still searching for the missing in the high-rise buildings.
Investigation into the Cause of the Fire: The Hong Kong government has launched an investigation into the cause of this fire, the most severe in nearly 80 years, and is examining whether it is related to the bamboo scaffolding and plastic protective nets used in large-scale renovation works. Many residents reported that they did not hear any alarms when the fire broke out.
- Rapid Support from the Cryptocurrency Industry: HKD 37 Million in Charitable Aid Shocks the Industry
In response to the disaster, several institutions and practitioners in the cryptocurrency industry quickly announced donation plans, demonstrating strong mobilization capabilities and a commitment to public welfare, becoming one of the first industries to make large-scale donations.
Leading Institutions Respond First:
Binance: Donated HKD 10 million
HashKey Group: Donated HKD 10 million
Avenir Group and its charitable foundation: Donated HKD 10 million
OSL Group management and shareholders (in personal capacity): Donated HKD 3 million
KuCoin (through the Colleagues Fund): Donated HKD 2 million
Industry Leaders Joint Donation: Jack Kong, founder of Nano Labs, Sheldon, founder of BitMart, and Jessica Yang, CEO of ME Group: Jointly donated HKD 1 million (in cryptocurrency).
Local Institutions Actively Participate: New Fire Technology CEO Wong Siu-ki (personal + company): Donated HKD 1 million.
Total Amount is Astonishing: Currently, the cryptocurrency sector has confirmed donations exceeding HKD 37 million, with more contributions from the industry still being counted and announced. The rapid response of the cryptocurrency industry has demonstrated its social responsibility.
- Collective Compassion from Society: Support from Various Sectors in Mainland and Hong Kong
The rapid response from the cryptocurrency industry has sparked a wave of compassion, with many large enterprises and foundations in Mainland China and Hong Kong generously contributing to provide strong support for the resettlement, medical assistance, and post-disaster reconstruction for affected residents.
Large Institutions in Hong Kong:
Hong Kong Jockey Club: Emergency aid of HKD 100 million.
Hong Kong Community Chest: Allocated HKD 50 million for immediate relief.
Mainland and Hong Kong Corporate Giants:
Jack Ma Foundation, Alibaba Group, and Ant Group: Total donation of HKD 30 million.
Li Ka-shing Foundation: Donated HKD 30 million.
Tencent Charity Foundation, Xiaomi Charity Foundation, BYD Group: Each donated HKD 10 million.
Xiaopeng Motors: Donated HKD 5 million.
Total Social Donations: Comprehensive statistics show that the total amount of public donations from all sectors of society has exceeded HKD 200 million and is still rising.
- Disaster Response and Future Outlook: A Nation's Heartstrings and the Road to Reconstruction
The Hong Kong SAR government has activated an emergency disaster relief mechanism, establishing a hotline for assistance and funding support channels.
Diverse Assistance: Multiple charitable organizations and local communities have also initiated fundraising and support actions to provide temporary housing, living supplies, and psychological assistance to affected families.
Ongoing Attention: We call for more social forces to continue paying attention to the disaster situation, whether through donations, volunteer services, or spreading legitimate donation channels, all of which will bring warmth and hope to affected compatriots.
Media and Public Responsibility: We hope the media and the public maintain rational attention, focusing not only on current disaster relief but also on the subsequent resettlement, psychological support, and community reconstruction for affected residents.
Conclusion
With the continued investment from the cryptocurrency industry, traditional enterprises, and various sectors of society, the rescue and resettlement efforts following the Wang Fuk Court fire are steadily advancing. Every donation and every act of volunteer service injects momentum into post-disaster reconstruction. May the deceased rest in peace, and may the injured recover soon. May all sectors of society work together to provide more support for affected families, and may Hong Kong soon restore peace and order.
Related Reading: Tether: S&P Downgrade is "Traditional Finance Propaganda," USDT Hoards Hundreds of Tons of Gold
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
