The Malta Community Chest Fund is sitting on up to $36.6 million of BNB tokens which were donate to it by Changpeng Zhao, the owner and founder of Binance, in 2018. This was the period was Binance was setting up its companies in Malta. Changpeng Zhao and Binance opened a wide-range of companies across the world to hide Binance’s activities from the authorities. He spent four months in jail for money-laundering in the US in 2024 after an alleged settlement with the prosecutor.
Changpeng Zhao is widely regarded as a pioneer of the crypto industry and remains active in the space, but he is no longer Binance’s CEO. BNB is the token issued by Binance and went to an all time-high of $1,370 per token on Monday. The Community Chest Fund owns up to 30,644 BNB tokens. They were initially worth up to $14-$15 when they were first donated.
The Malta Community Chest Fund provides assistance to people experiencing severe medical and financial difficulties: among many activities, it offers accommodation and funding to Maltese cancer patients in the United Kingdom.
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