The massive fire at Hong Kong's Wang Fuk Court has been burning for three days, resulting in 94 deaths and 76 injuries. Hong Kong media pointed to a key factor indicating human error! Nearly 100 million in donations from the crypto world has flooded into the disaster area.

A Level 5 fire broke out at Hong Fu Court in Tai Po, New Territories, Hong Kong, on the afternoon of November 26, (, the most severe in the Hong Kong fire alarm grading system ), described as the worst fire in Hong Kong in decades. As of now, this fire has claimed at least 94 lives and injured over 76 people. Some residents are still reported missing, and even firefighters have lost their lives in the blaze. Currently, rescue operations are ongoing in the burning building to locate the missing, and the Hong Kong government is conducting a comprehensive inspection of external wall repair works to review fire safety regarding scaffolding and protective nets. Various sectors of society have initiated material donations and support actions for resettlement.

Hong Kong media has thrown the controversy of the renovation of Hong Fu Court into the spotlight, directly pointing to the man-made disaster behind it being a collusion between officials and businessmen.

Scott, the founder of Hong Kong cryptocurrency media MonterBlock, stated that this fire was man-made, which includes:

Some residents reported that the fire alarm did not go off during the fire, and thick smoke suddenly poured in, leaving many unable to escape in time.

Photos and videos show workers smoking and carelessly discarding cigarette butts in the scaffolding of one of the buildings at the suspected scene. Residents have repeatedly reminded them not to smoke anymore.

But the biggest issue is still the background story of the renovation of the external walls of Hong Fu Garden. In early 2024, the property management committee of Hong Fu Garden approved a major repair plan amounting to approximately HKD 330 million for the external wall updates. The 1984 households of the 8 buildings in Hong Fu Garden will need to bear about HKD 160,000 to HKD 180,000 each. Scott stated that in addition to forcing each household to pay, they are also conducting repairs on all 8 buildings simultaneously to save costs, which increases the risk. Even more outrageous is that the protective net at the construction site does not use fireproof nets that meet the latest government standards, but rather ordinary flame-retardant materials.

Scott further pointed out the long-standing collusion between officials and businessmen in Hong Kong, stating: “Wong Fuk Court is commissioned by the incorporated owners to a contractor, and this incorporated owners' committee is made up entirely of certain party members. Most real estate or engineering projects in Hong Kong are handled by families of the older generation of businessmen or those with related backgrounds. What does that represent? Basically, it's a layer upon layer of money being collected. Why does this project cost 300 million? Why is construction being forced despite residents' opposition? It's obvious that certain people want to make money; it's common knowledge that doing construction in Hong Kong is extremely profitable.”

He specifically pointed out the corporate advisor of this incorporated body, Huang Bikyiu, who is also a member of a certain faction, and at that time spared no effort to accomplish this project, constantly posting on Facebook “working,” but now has completely disappeared.

The author adds: Huang Biqiao is a Hong Kong politician affiliated with the Chen Keqin faction of the Democratic Alliance for the Betterment and Progress of Hong Kong. Last year, she posted in support of the renovation of Hong Fuk Court.

Scott subsequently posted criticisms, stating that the idea of using bamboo scaffolding is very foolish. While bamboo may not be the best material, it has been proven over many years in construction sites, and the crux of the issue lies in the contractors using unsuitable plastic materials. MonsterBlock member 852luck stated that he is a resident of Hung Fuk Court, and at that time, he could not stop the major renovation from proceeding, which forced him to pay over 100,000 HKD, resulting in an unforgettable tragedy for life.

Cryptocurrency companies have donated nearly 100 million Hong Kong dollars in charitable contributions.

As a financial center, Hong Kong is also the headquarters for many cryptocurrency companies. Below is a list of some known companies that have made donations:

Binance announced a donation of 10 million HKD

OKX announced a donation of 10 million HKD.

Bitget announced a donation of 12 million Hong Kong dollars, with 5 million donated to the Hong Kong Yan Chai Hospital, 3.5 million donated to the Hong Kong Po Leung Kuk, and 3.5 million donated to the Hong Kong Salvation Army.

MEXC announced a donation of 5 million Hong Kong dollars.

HuoBi and Tron donated a total of 10 million HKD.

The Hong Kong compliant exchange OSL donated 3 million HKD.

Avenir Group announced a donation of 10 million HKD.

HashKey announced a donation of 10 million Hong Kong dollars.

This article reports that the Hong Kong Hung Fook Court fire raged for three days, resulting in 94 deaths and 76 injuries, with local media pointing to a key factor indicating man-made disaster! Nearly a hundred million in donations from the cryptocurrency community have flowed into the disaster area, first appearing in Chain News ABMedia.