BloFin Puts $1M USDT Where Its Whales Are: Venezuela 🐋

Cryptocurrency exchange BloFin has committed $1 million in USDT plus 12 million Venezuelan bolívar (VES) in direct cash relief for victims of the earthquakes that struck northern Venezuela on June 25, 2026, according to an announcement from the BloFin Whaleness Charity Foundation. The VES disbursement will be channeled through the Red Cross and distributed in local currency to affected users in the hardest-hit regions for immediate recovery needs.

In parallel, BloFin will deploy a $1 million USDT futures bonus pool directed at its Venezuelan user base. Existing users in Venezuela who have already completed KYC will each receive a 30 USDT bonus, with distribution slated for completion within 24 hours of the announcement. New registrants and existing users who complete KYC by July 10, 2026 (23:59 UTC-4) are also eligible for the 30 USDT bonus, with all distributions to be finalized before July 13, 2026 (UTC).

BloFin, headquartered in Road Town, Virgin Islands, operates as a futures-focused exchange offering more than 550 USDT-margined perpetual pairs, coin-margined perpetual contracts, spot trading, copy trading, API access, unified account management and sub-account solutions. The platform integrates Fireblocks and Chainalysis for custody and compliance and is a recurring sponsor of TOKEN2049. BloFin markets itself as the venue "WHERE WHALES ARE MADE."

The June 25 earthquakes in northern Venezuela prompted the relief initiative, though specific casualty figures and damage assessments were not included in BloFin's announcement dated June 29, 2026. Media contact for BloFin is Annio W., Head of Marketing and Public Relations, reachable at annio@blofin.io. The announcement was issued as a press release distributed by the company and its commercial partners.