Historic wildfires have swept across the greater LA area in southern California. So far, the massive fires have collectively burned more than 15,000 acres and forced the evacuations of over 100,000 residents. Fueled by high winds and months of drought, the Pacific Palisades fire near the beach communities of Santa Monica and southern Malibu has already burned over 1,000 structures. The inland Eaton fire near Pasadena has also burned hundreds of structures.
On Wednesday night, an offshoot Sunset fire sparked evacuations in the Hollywood Hills. Soon, news watchers lost track of the many fires in the inland empire and other southern California areas, including the Hurst, Lidia, Bridge, Turb
Workers at the Santa Monica Bitcoin Office are directly south of the raging Palisades and Sunset fires. Several Swan Bitcoin workers who hosted the Pacific Bitcoin conference in Santa Monica are also immediately south of the blaze.\ Blockchain service provider BlockDaemon is headquartered in Los Angeles, as is SuperVerse, another crypto game developer. Blockchain-based ID and tokenization company Spring Labs is headquartered in nearby Marina del Ray.
Some companies have been more fortunate. The Crypto.com Arena in downtown Los Angeles has, so far, been guarded from flames. The wildfires have also spared the DaBank and Jungla crypto entertainment venues in Hawthorne and North Hollywood, respectively. Fire departments have reported massive challenges combating the blazes, including winds, overwhelmed workers and infrastructure, and fire hydrants running dry. Many areas around the blazes are under evacuation orders and most real estate insurance companies anticipate record losses in the aftermath of the fires.
