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Quick Answer. The Boxing Day tsunami that occurred on Dec. 26, 2004, was caused by an earthquake of above 9 magnitude in the Indian Ocean. The earthquake was caused by the movement of the Indio-Australian tectonic plate as it subducted below the Eurasian plate, causing the seafloor above it to lift upwards. Continue Reading.
Most of the money was used in Sri Lanka, Indonesia and India, where it was used to rebuild homes that had been destroyed. Related. Boxing Day tsunami: How 2004 Indian Ocean earthquake became the deadliest in history. Indian Ocean Tsunami 10th anniversary: 5 biggest 'megathrust earthquakes' recorded in modern history.