$1.54M to support families after the Wang Fuk Court fire

🔥 Crypto exchange Bitget has announced the allocation of 12 million Hong Kong dollars (approximately $1.54 million) to support families affected by the devastating fire in the Wang Fuk Court residential complex in Tai Po, Hong Kong. This decision was made immediately after the tragedy and is aimed at providing comprehensive assistance to the affected families, including medical, financial, and psychological support.

The tragedy occurred on November 26, 2025, when the fire engulfed several towers of the five-level residential complex. According to the latest official data, at least 128 people died, more than 70 were injured to varying degrees, and over 900 residents were forced to temporarily leave their apartments. This fire is considered one of the largest and most tragic residential incidents in Hong Kong in recent decades, causing shock and sympathy among the local population and the international community.

Hong Kong authorities have already launched a criminal investigation related to building safety issues, the quality of repair work, and the construction materials used. A potential corruption component is also being examined, which may have contributed to negligence during the construction and maintenance of the complex. Meanwhile, emergency services continue search and rescue operations, trying to locate missing residents, while families and neighbors actively search for loved ones.

Aid distribution

Bitget has entrusted the distribution of the donation to three reputable Hong Kong charitable organizations, each of which will use the funds strictly for designated purposes:

1. Yan Chai Hospital
   Will receive 5 million HKD (about $640,000) to provide emergency medical care, treatment for the injured, and long-term rehabilitation for affected families.
2. The Salvation Army Hong Kong
   Will receive 3.5 million HKD (about $450,000) to provide financial support, temporary housing, food supplies, and other essential items for those affected.
3. Po Leung Kuk
   Will receive 3.5 million HKD (about $450,000) to provide psychological support, assistance in overcoming trauma, and long-term guidance for affected families.

Bitget emphasized that all allocated funds will be used transparently, promptly, and for their intended purposes, complementing the emergency measures provided by the Hong Kong government, including temporary housing and ongoing inspections of residential complexes.

Comprehensive support for victims

The assistance fund is structured to cover all major needs of the affected families:

• Medical assistance: emergency aid, hospitalization, and long-term rehabilitation.
• Financial support: aid for families who lost their homes, sources of income, and basic necessities.
• Psychological support: counseling and therapy to help residents cope with emotional and psychological consequences.

Partner charities will ensure a comprehensive approach, from immediate medical aid to long-term community support, allowing affected families to gradually recover and return to normal life.

Solidarity and support

Bitget expressed deep solidarity with the people of Hong Kong during this difficult time. The company extended sincere condolences to everyone who lost loved ones in the Wang Fuk Court fire and expressed hope that the victims will be able to restore their homes and communities as soon as possible.

The company noted that the assistance is aimed not only at immediate needs but also at creating conditions for long-term recovery, strengthening community resilience, and improving housing safety in Hong Kong.

💰 Bitget stressed the importance of transparent fund allocation and oversight to ensure that every family affected by the tragedy receives real and tangible support.