Binance Donation Worth $37 Million Remains Untouched After Years, Raising Concerns in Malta

A crypto donation initially valued at just $200,000 made by Binance and its users to support terminally ill cancer patients in Malta in 2018 has blossomed into a substantial sum worth around $37 million. However, the funds remain unclaimed due to challenges between the beneficiaries’ local charity (Malta Community Chest Fund) and the crypto exchange, Binance. The source of the delay lies with the MCCF’s refusal to provide specific patient information, including medical bills and wallet addresses needed for transfer, according to a report by the Times of Malta. This has caused a standstill in moving funds towards patients. Binance emphasizes its commitment to transparently transferring donations directly to beneficiaries, though they haven’t received official confirmation from the MCCF after submitting plans in 2020. The situation highlights challenges in navigating international charity work involving crypto assets.