A crypto donation, originally worth $200,000 in 2018, has grown to an astonishing $39 million, yet the BNB remains untouched in a wallet for Malta’s terminal cancer fund.
The sharp increase in BNB’s value has turned the gift into a transformative sum, but what is its status since its transfer six years ago?
A $200,000 Crypto Donation Becomes a Fortune
In 2018, Binance and its users contributed about $200,000 worth of BNB to a wallet for Malta’s terminal cancer fund. Since then, BNB’s value has soared. The wallet balance now approaches $39 million, according to on-chain data cited by blockchain analysts.
Blockchain records confirm that 30,644 BNB remain untouched in the wallet. Despite attention from the crypto community, including messages to Maltese authorities, the funds have stayed dormant and unused for the intended medical cause.
<img alt="BNB Donation for Malta Cancer Fund Swells to Million, But Its Status Will Surprise You" title="BNB Donation for Malta Cancer Fund Swells to Million, But Its Status Will Surprise You" Binance Charity: Malta Terminal Cancer Foundation (0x480).' The display highlights a $38,985,538.56 BNB balance, up from $200,000 originally." src="/d/file/articles/uploads/2025-10-14/cwdkal2iswb_133.jpg">A dashboard view of the wallet shows BNB holdings that ballooned to nearly $39 million. Source: @jconorgrogan on X.
While the growth in value is striking, the funds’ inactivity stands out. The transparency afforded by blockchain technology means the situation is visible to all. Yet, unclear procedures for access or claims can leave charitable gifts untouched.
Access Confirmed, Lawsuit Dropped — But the Money Remains Idle
There was speculation that access to the funds might be lost. However, records and social media updates confirm that the donation remains in the original wallet. In 2021, a lawsuit regarding Binance’s responsibility was dropped. This confirmed that the BNB is accessible and still untapped.
A 2021 post confirmed $9.6 million in the donation wallet. Source: @jconorgrogan
This confirmation prompts a key question: Why has the fund not been used for medical needs? Regulatory caution, administrative hurdles, or lack of awareness may contribute.
But as the value grows, so does public scrutiny. Each year, the fund’s purchasing power in healthcare increases.
Potential Impact: Medical Specialists and National Healthcare
Meanwhile, Malta continues to face a critical shortage of palliative care specialists, with just two serving the country, well short of the 12 needed.
Coinbase executive Conor Grogan suggests that selling the BNB and using the proceeds could bridge this gap by funding medical staff and improving care for terminal cancer patients nationwide.
Binance co-founder and customer service manager Yi He agrees, supporting Conor’s proposition that the funds could be put toward the noble cause.
As cryptocurrency donations become more widespread, this case shows both their tremendous promise and how bureaucratic delays can prevent much-needed benefits from reaching those in urgent need.
