Binance's 2018 Donation: 39 Million Dollars Awaiting

Cryptocurrency investors and the community are discussing how the significant donation made by Binance in 2018 has reached a noteworthy value. According to Coinbase executive Conor Grogan, the $200,000 worth of BNB (Binance Coin) raised to support cancer patients in Malta at that time is now valued at approximately $39 million. However, it has come to light that these funds have yet to be withdrawn, even after seven years have passed.

The campaign, launched in 2018, represented the culture of cooperation and support within the crypto community. Grogan stated in a post on Twitter, “The funds are sitting there and are accessible. Citizens of Malta should remind their government of this situation.” He recalled that a lawsuit opened after determining the location of the funds in 2021 was dismissed, emphasizing that no actions had been taken by the relevant aid organizations during this process.

The significant increase in the value of BNB highlights why this donation is so important. Grogan noted that these funds could have a significant impact on the healthcare system in Malta, even stating that they could “cover the salaries of the necessary medical professionals completely.” These statements have led to a call within the crypto community for the funds to be delivered to cancer patients.

Individuals investing in cryptocurrencies should closely monitor such developments. The value of cryptocurrencies shows how important changes can be made in communities through such donations. Investors should evaluate not only Binance’s contribution but also the social impacts of other cryptocurrency projects. The flow of funds directed toward health and social assistance could enhance the social responsibility awareness of the cryptocurrency world in the future.