Bitget Announces Over $1.5 Million USD Relief Fund for Families Affected by Hong Kong’s Wang Fuk Court Tower Fire

by Gregory Pudovsky

Published: November 28, 2025 at 6:09 am Updated: December 01, 2025 at 4:05 am

In Brief

Victoria, Seychelles, November 28, 2025 — Bitget, the world’s largest Universal Exchange (UEX) will donate $1.54 million USD ($12,000,000 HKD) to fully support families affected by the Wang Fuk Court fire in Tai Po, Hong Kong, and to assist community rebuilding efforts. The contribution responds to one of Hong Kong’s deadliest residential fires in decades, after a five-alarm blaze swept through multiple towers at the Wang Fuk Court estate on November 26, claiming at least 128 lives, injuring more than 70 people and forcing over 900 residents into temporary shelters.

Due to the incident, authorities have initiated criminal and anti-corruption investigations into the renovation works and the safety of materials used at the site, while emergency teams continue search, rescue, and recovery operations and families work to locate missing relatives.

To ensure that relief reaches those in need in a structured and accountable way, Bitget has mandated three of Hong Kong’s most trusted charities to execute the $12,000,000 HKD ($1.54M USD approx.) donation. Yan Chai Hospital will receive $5,000,000 HKD ($640,000 USD) to support emergency medical services, treatment for the injured, and rehabilitation for affected families. The Salvation Army Hong Kong will receive $3,500,000 HKD ($450,000 USD approx.) to provide financial assistance, temporary accommodation, basic necessities, and livelihood support for households that have lost homes and income. Po Leung Kuk will receive $3,500,000 HKD ($450,000 USD approx.) to deliver psychological counselling, community outreach, and long-term case follow-up for survivors, bereaved families, and vulnerable residents in the surrounding area.

The relief fund is structured so that every dollar is deployed in a transparent, timely and targeted manner, complementing the Hong Kong government’s emergency measures, temporary housing arrangements, and ongoing inspections of residential estates undergoing repairs. Through medical assistance, financial support, mental health services, and on-the-ground community work, partnered charities will help families navigate the immediate aftermath of the disaster and the longer road to recovery.

Bitget stands with Hong Kong at this difficult moment and extends condolences to all those who lost loved ones in the Wang Fuk Court fire, with the hope that affected residents can rebuild their homes and communities as safely and quickly as possible.

About Bitget

Established in 2018, Bitget is the world’s largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform for on- and off-ramping, trading, earning, and paying seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.