COVID-Crypto Relief Fund

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The COVID-Crypto Relief Fund (Crypto Relief) was announced on 24 April 2021 during the second wave of the COVID-19 pandemic in India. [1] [2] [3] India Crypto Relief Fund was founded by Sandeep Nailwal. [4]

Contents

About the fund

All the donations are held in crypto wallets under a special entity in UAE [5] - IN COVID SUPPORT FZE LLC. All wallet details - including the amounts collected under each cryptocurrency - are available to view publicly. [6]

In August 2021, the fund signed a deal with UNICEF India to procure 160 million syringes. [7] By mid-October 2021, the fund had "disbursed $36.28 million out of the $429.59 million collected till now in 10 different cryptocurrencies". [7] Vitalik Buterin, [2] Brett Lee and Balaji Srinivasan are among the contributors. [8] [9] Market volatility is also a challenge. [10]

References

  1. ↑ Alexander, Sophie; Maloney, Tom (14 May 2021). "Why A $1 Billion Donation To India Covid Relief Shocked Memecoin Traders". NDTV. Archived from the original on 2021-05-14. Retrieved 2021-05-16.
  2. 1 2 Banerjee, Prasid (2021-05-13). "Crypto genius gives a billion dollars worth of joke coin for India covid relief". Livemint. Retrieved 2021-05-16.
  3. ↑ Mihindukulasuriya, Regina (2021-04-28). "India's 'Crypto Relief' Covid fund is all ready with nowhere to go". ThePrint. Retrieved 2021-05-16.
  4. ↑ "India Covid Crypto Relief Fund to donate $15 million to UNICEF". The Economic Times. Retrieved 2021-11-09.
  5. ↑ "Explained: How India's Crypto Covid Relief Fund works". Techcircle. 2021-05-17. Archived from the original on 2021-05-17. Retrieved 2025-12-29.
  6. ↑ "Crypto relief for India's COVID-19 crisis pours in, even as it remains a legal grey area". Firstpost. 2021-05-11. Retrieved 2021-11-09.
  7. 1 2 Verma, Mimansa (14 October 2021). "The crypto community's efforts to plug India's syringe shortage have hit supply-chain hurdles". Quartz. Archived from the original on 2021-10-14. Retrieved 2021-10-22.
  8. ↑ "Crypto Relief Donations To India During Covid-19 Second Wave. What Was It?". NDTV. 16 August 2021. Archived from the original on 2021-08-16. Retrieved 2021-10-22.
  9. ↑ "Brett Lee donates bitcoin to Crypto Relief for India's fight against COVID-19". The Indian Express. PTI. 2021-04-28. Archived from the original on 2025-12-29. Retrieved 2021-10-22.
  10. ↑ "What happened to $1 billion cryptos donated to India as Covid-19 aid". Livemint. 2021-07-28. Archived from the original on 2021-07-28. Retrieved 2021-10-22.


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