Bitfinex and Tether Have Raised 36 Bitcoins to Help El Salvador Suffering Gang Violence

Bitfinex and Tether have raised 36 bitcoins to help El Salvador suffering gang violence

Bitfinex and Tether’s firm have contributed to the raising of 36 Bitcoin to aid families in El Salvador who has been affected by gang violence. The CTO of Bitfinex and Tether, Paolo Ardoino, announced the status of the donations on Twitter, along with a link to the Bitcoin address where the funds are being kept.

Bitfinex and Tether had initially donated 25 Bitcoin ($1 million) to support families in El Salvador who had been affected by gang violence. Mr Ardoino, the CTO of both organizations, revealed the Bitcoin address in the tweet above for the crypto community to contribute.

He also praised President Nayib Bukele’s efforts to promote Bitcoin acceptance in El Salvador and urged the crypto community to help gang-affected families in the nation.

The funds raised will ‘be deployed in collaboration with the local government and community groups and will be subject to strict monitoring to ensure fair distribution’.

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