Binance Charity Airdrops $1.2M in BNB to Taiwan Flood Victims

Binance Charity has launched a relief initiative to distribute $1.2 million in BNB to users affected by severe flooding in southern China Taiwan. The airdrop targets verified Binance account holders in the hardest-hit areas, including Changhua, Yunlin, Chiayi, Tainan, and Kaohsiung. Recipients will be identified based on proof-of-address (POA) data submitted prior to August 7, 2025, with eligible users receiving $80 in BNB directly into their accounts [1]. A second phase of the initiative will provide $30 in BNB to the first 15,000 users who complete POA verification between August 7 and August 20, with distributions scheduled to begin on August 14 [1].

This initiative builds on Binance’s history of deploying disaster relief efforts in various regions. In 2023, the exchange airdropped $100 in BNB to Turkish users impacted by a major earthquake, while in 2024, co-founder Changpeng Zhao (CZ) contributed 1,000 BNB (approximately $598,025) to aid recovery efforts in Myanmar and Thailand [1]. The current campaign reflects the company’s ongoing commitment to supporting communities during crises, particularly in the Asia-Pacific region.

Richard Teng, Binance CEO, expressed solidarity with the affected communities, emphasizing the importance of timely and meaningful assistance. “Our thoughts are with every community and user affected by the severe flooding in southern China Taiwan,” he stated. “We hope this donation will provide support during this difficult time, and we sincerely wish for a swift and safe recovery” [1].

Binance Charity’s involvement in such initiatives highlights the growing role of crypto platforms in humanitarian efforts. While traditional aid mechanisms often face logistical delays, blockchain-based donations can be executed with greater speed and transparency. This approach also ensures that funds reach verified individuals without intermediaries, reducing the potential for misuse or inefficiency. However, the reliance on POA verification means only users who have previously shared location data will benefit, potentially excluding some of the most vulnerable individuals.

The company's recent legal challenges, including a $1.76 billion clawback lawsuit from FTX’s bankruptcy trust, have not deterred its philanthropic activities. Binance has consistently denied the validity of the FTX claims and has moved to dismiss the case on jurisdictional grounds [1]. Despite these challenges, the organization continues to expand its charitable footprint, with CZ citing efforts in Sudan, Kenya, and other regions as part of his personal contributions since early 2025 [1].

The airdrop initiative in China Taiwan underscores the potential of crypto-based aid distribution, offering a model that could be replicated in other disaster-stricken regions. While not a substitute for government-led relief efforts, it provides immediate financial support to verified users in need. The success of such programs depends on the continued participation of crypto users in verification processes and the willingness of exchanges to prioritize humanitarian goals alongside commercial interests [1].

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[1] Binance Charity to Airdrop $1.2M in BNB to Taiwan Flood Victims (https://cryptonews.com/news/binance-charity-to-airdrop-1-2m-in-bnb-to-taiwan-flood-victims/)