- Devastating floods hit Valencia last week, killing hundreds.
- The response from authorities has angered locals.
- Binance makes a $3 million donation to support relief efforts.
Relentless rainfall drenched Spain’s eastern coastal province of Valencia on October 29, with some areas seeing up to 20 inches of water. The resulting floods have taken a devastating toll, claiming over 200 lives.
Amid rising frustration and despair over limited warnings and slow relief efforts, Binance has donated $3 million. The funds will be used to support relief efforts and rebuild affected communities.
Binance Sends Financial Aid
Flash floods ravaged eastern Spain last week, hitting the province of Valencia especially hard. With at least 217 lives lost and many still missing, emergency teams are racing to locate survivors and bring aid to devastated communities.
Sponsored
In response, Binance announced a $3 million donation to the Spanish Red Cross to support relief efforts. The funds are intended to provide immediate resources for those facing the disaster’s impact and aid in recovery efforts.
Javier García de la Torre, general manager for Binance Spain, stated that the funding was a show of solidarity with the affected region. He added, “We aim to bring relief and assistance to the people who need it most.”
The Spanish Red Cross has opened a donation page for anyone wanting to help, enabling individuals worldwide to contribute directly to relief efforts.
Anger and Frustration Boil Over
Tensions have escalated as locals expressed their anger over the lack of warning about the heavy rainfall and the slow response from authorities post-disaster. Frustrated residents say they feel abandoned, sparking unrest in the affected areas.
King Felipe and Queen Letizia visited the region on Sunday, only to be met with jeers and pelts of mud and eggs as locals vented their frustration over the government’s crisis response. Prime Minister Pedro Sánchez faced a similar backlash, with footage showing his car being attacked as security evacuated him from the area.
In response, the Spanish government has deployed an additional 2,500 troops, bringing the total military presence to roughly 7,800, alongside 9,500 National Guard and police personnel as the search for survivors intensifies.
Amid growing discontent with local authorities, Binance’s donation has provided some relief during this difficult time.
On the Flipside
- The heavy rainfall has moved north on Monday to Barcelona.
- Binance has donated $31.5 million since its charity division was formed in 2018.
- Some blame climate change for the flooding, but scientist “SABOURETCardiologist” stated that the removal of 108 dams in Spain is a partial factor.
Why This Matters
Binance’s support of the relief efforts underscores the private sector’s role in supplementing government response and accelerating recovery for communities devastated by extreme weather events.
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