Crypto Becomes Gaza’s Lifeline — And a Target for Fake Aid Schemes
Crypto donations have become a crucial workaround as Gaza faces banking restrictions, frozen financial channels, and nearly impossible conditions for aid distribution.
However, this same environment of desperation and fragmented infrastructure has opened the door to questionable “humanitarian” operations, which have surfaced recently.
Grassroots Aid Rises Through CryptoCrypto donations have become a critical workaround in war-torn Gaza. In this environment, digital assets offer a fast and borderless way to circumvent the political and logistical barriers that hinder traditional aid.
Amid this shift toward digital lifelines, several grassroots campaigns have gained attention.
One is led by the pseudonymous trader Loopify, who has raised over $2.1 million in cryptocurrency for Gaza since the start of the war.
Cryptogaza.com shows 946 people have donated crypto to Palestinians in Gaza over the past year. These efforts demonstrates how digital tools can provide direct support when limited banking access is available.
we’ve raised $2,100,307 for Gaza via Crypto since March 2024
with an insane average of $1,445 across 946 donors