Coin WorldFriday, Jul 11, 2025 8:16 am ET

3min read

Bybit, a leading cryptocurrency exchange, has announced a significant humanitarian aid initiative in response to the devastating floods in South Africa’s Eastern Cape province. Partnering with Gift of the Givers Foundation, one of Africa's largest disaster response NGOs, Bybit aims to support the recovery and rebuilding efforts following the severe flooding that has resulted in significant loss of life and displacement of thousands.

This initiative underscores Bybit’s commitment to social responsibility and supporting communities in crisis worldwide. The Eastern Cape, with its infrastructure severely damaged and essential services disrupted, faces a challenging path to recovery. Bybit’s contribution will directly bolster Gift of the Givers’ campaign to “Rebuild Flood-Stricken Communities in the Eastern Cape.”

“At Bybit, we believe our responsibility extends beyond innovation in finance,” said Wilson Ogheneovo, Head of Africa at Bybit. “We are deeply saddened by the tragedy unfolding in Eastern Cape and stand in solidarity with those affected. Through our support of Gift of the Givers, we hope to contribute meaningfully to the relief efforts and help restore dignity and hope to families who’ve lost everything.”

Since June 9, 2025, the Eastern Cape has experienced torrential rain, floods, and landslides, leaving entire communities submerged and stretching rescue operations due to limited resources. 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,” said Badr Kazi, Director of Strategic Partnerships, Corporate and Government, of the Gift of the Givers. “We are grateful for Bybit’s generous support, which allows us to extend critical relief and infrastructure restoration to those who need it most. Partnerships like these make our mission possible.”

This humanitarian action reflects Bybit’s broader mission to empower communities through impactful initiatives — whether by building financial freedom through Web3 or extending a helping hand in times of crisis. Bybit Fintech FZE is a Juristic Representative of Altify SA Capital, an authorized financial services provider, registered under South African company number 2022/321703/07.

Bybit, a prominent cryptocurrency derivatives exchange, has announced a significant humanitarian aid initiative in response to the devastating floods in the Eastern Cape region. In partnership with Gift of the Givers, a well-known South African humanitarian organization, Bybit has committed to providing essential relief supplies and support to the affected communities. This collaboration underscores Bybit's commitment to corporate social responsibility and its dedication to making a positive impact beyond the realm of financial services.

The floods in the Eastern Cape have caused widespread destruction, displacing thousands of residents and leaving many in urgent need of food, water, and shelter. Bybit's contribution will help alleviate some of the immediate suffering by providing critical resources to those most affected. Gift of the Givers, with its extensive experience in disaster relief, will ensure that the aid is distributed efficiently and effectively to those who need it most.

This initiative is part of Bybit's broader efforts to support communities in times of crisis. The exchange has a history of engaging in philanthropic activities, recognizing the importance of giving back to society. By partnering with Gift of the Givers, Bybit aims to leverage the organization's expertise and reach to maximize the impact of its humanitarian aid efforts.

The collaboration between Bybit and Gift of the Givers is a testament to the power of partnership in addressing global challenges. By combining their resources and expertise, the two organizations are able to provide a more comprehensive and effective response to the crisis in the Eastern Cape. This initiative not only highlights Bybit's commitment to corporate social responsibility but also demonstrates the importance of collaboration in addressing humanitarian crises.

The floods in the Eastern Cape have had a profound impact on the region, causing significant damage to infrastructure and displacing thousands of residents. The humanitarian aid provided by Bybit and Gift of the Givers will play a crucial role in helping affected communities rebuild and recover. By providing essential resources such as food, water, and shelter, the initiative will help alleviate some of the immediate suffering and support the long-term recovery efforts in the region.

Bybit's commitment to humanitarian aid is a reflection of its values and mission. The exchange recognizes the importance of giving back to society and supporting communities in times of need. By partnering with Gift of the Givers, Bybit is able to make a meaningful impact and contribute to the relief efforts in the Eastern Cape. This initiative is a testament to the power of partnership and the importance of corporate social responsibility in addressing global challenges.