Imagine this, a crypto giant tries to hand over a cool $33 million to Malta’s charity kitty, and the island’s political playground turns into a Shakespearean soap opera.
That’s exactly the scene after Binance Charity’s massive donation got the cold shoulder from Malta’s Community Chest Fund, stirring a ruckus that feels like a political cage match.
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30,644 BNB, worth around $200,000
Our story kicks off back in 2018 when Binance offered 30,644 BNB tokens, back then worth about $200,000 for charitable causes in Malta.
Fast forward to today, and thanks to the growth of crypto prices, that pile of digital cash swelled to $33 million.
But instead of cheers and confetti, the MCCF slammed the door shut, citing concerns about the donation’s reputation. That’s when the drama really ignited.
Finance Minister Clyde Caruana threw his weight behind the MCCF’s no-thanks stance. His message?
“You either give to charity or you don’t. Don’t dance around it.” Pretty crunchy words for a minister, but he’s all about reputation, implying that tainted money, even from the bright, shiny world of cryptocurrency, doesn’t belong in the charity chest.
A source without a good name?
Things got spicier when Malta’s President, Myriam Spiteri Debono, chimed in at a school event, calling the donation “bogus” and casting a shadow over Binance’s intentions.
She didn’t mince words, warning that it wouldn’t be fair to law-abiding donors to accept money from a source without a good name. Oof.
Binance, for their part, insists they can’t just drop the money into Malta’s lap without some basic paperwork.
They say the MCCF never handed over vital patient info, crypto wallet details, or beneficiary documents, stuff you kinda need to make sure the funds land where they’re supposed to.
Talks have been dragging on with zero breakthrough since 2021, leaving that $33M in limbo.
For Malta’s good
Prime Minister Robert Abela jumped into the fray, fretting over what a missed opportunity this represents.
He’s calling on MCCF to rethink and reach some sort of truce, lamenting, “It upsets me that a sum like that… could possibly be lost.”
Other politicians, from multiple parties, echo the call to salvage this cash for Malta’s good.
So here we are, with a story that’s part David vs Goliath, part bureaucratic tangle, and all drama.
The $33 million Binance charity gift remains unclaimed, dangling like a tantalizing carrot while Malta’s leaders spar over trust, reputation, and the right way to roll.
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Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 23, 2025 • 🕓 Last updated: October 23, 2025
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