Frozen $200K Binance Donation for Cancer Patients in Malta Now Worth $37M
- A donation of $200,000 made by Binance and users to a Maltese charity in 2018 is now valued at approximately $37 million.
- The funds, consisting of about 30,644 BNB, have remained untouched in the receiving wallet since the donation.
- Since 2021, Binance has been waiting for the Malta Community Chest Fund (MCCF) to provide necessary patient information to facilitate the transfer.
- The MCCF has not shared this information, resulting in a standstill regarding the donation’s distribution.
- In a previous statement, Binance emphasized its commitment to transferring donations directly to beneficiaries for transparency and efficiency.
The unclaimed donation highlights issues surrounding cryptocurrency donations and their management by charitable organizations. The significant appreciation of these assets could potentially aid many more individuals in need if released.
Currently worth nearly $37 million, this dormant donation from Binance remains inaccessible due to ongoing verification disputes with MCCF.(Source)
