Overview
- On-chain data tracked by Arkham shows roughly $37.86 million in BNB still sitting in the original 2018 donation address, up from about $200,000 at the time of the gift.
- The funds stem from a memorandum of understanding between Binance Charity and the Malta Community Chest Fund, but disagreements over disbursement stalled transfers.
- The MCCF sought a handover to the charity while Binance Charity pushed to pay patients directly, and a lawsuit reported in 2021 was later dropped without a transfer.
- BNB’s strong 2025 rally, including fresh highs this year, drove the windfall, yet there is no public indication that Maltese authorities or Binance Charity have moved the assets.
- Conor Grogan also highlighted a similar case in Japan, where about $38 million linked to a 2018 disaster-relief donation remains largely dormant after partial withdrawals.