BNB Donation Now Worth $39M to Malta’s Community Chest Remains Unclaimed, Coinbase Exec Conor Grogan Says

Coinbase executive Conor Grogan disclosed that a 2018 donation of $200,000 in BNB—originally contributed by Binance and crypto users to the Malta Community Chest Fund for a terminal cancer patient—remains unclaimed. Due to subsequent market appreciation of BNB, the asset’s current valuation is reported to be approximately $39 million, reflecting significant unrealized gains since the initial transfer.

Grogan urged Maltese citizens to notify authorities that the donation is still retrievable, noting prior legal processes. Related litigation was dismissed in 2021, with court records indicating the funds were located and accessible, a procedural confirmation relevant to fiduciary oversight and public accountability.

From a fiscal perspective, Grogan emphasized that the fund’s proceeds could materially address a local healthcare funding gap, stating they would be sufficient to cover a reported salary shortfall for medical specialists—an assertion grounded in the current valuation rather than speculative forecasts.