Binance’s 2018 Charity BNB Now Valued at $39 Million for Malta Patient Fund
Binance’s 2018 donation of 200,000 BNB to Malta’s terminal cancer patients fund has surged in value from $200,000 to $37 million amid BNB price growth, but remains unclaimed due to a verification dispute.
BNB
Fact Check
The statement is strongly supported by the evidence. Multiple recent sources (Yahoo Finance, TradingView, Cryptorank) corroborate that a 2018 donation to a Malta cancer patient fund, originally worth $200,000, is now valued at approximately $39 million due to the appreciation of the BNB cryptocurrency. Older sources from Binance itself and Protos confirm the 2018 donation of 30,644 BNB to the Malta Community Chest Foundation, providing a solid basis for the current valuation claims.
Summary
Binance’s 2018 donation of 200,000 BNB to the Malta Community Chest Fund, initially worth $200,000, has appreciated to $37 million due to the rise in BNB’s price. However, the funds remain unclaimed due to a verification dispute between Binance and MCCF. Despite a 2021 lawsuit settlement, the issue remains unresolved, with Binance seeking to send funds directly to beneficiaries for transparency.
Terms & Concepts
- BNB (Binance Coin): The native cryptocurrency of the Binance exchange, used for transaction fees and various applications within the Binance ecosystem.
- Crypto Donation: A charitable contribution made using cryptocurrency, allowing potential long-term value growth depending on market price changes.
- Lawsuit Settlement: A legal resolution where parties agree to terms to end a dispute without continuing to trial.