Binance Malta Lawsuit: Binance Foundation awaits Patients record to dispose of €7 million donation

Binance’s Malta subsidiary has claimed that the exchange-run Blockchain Charity Foundation is waiting for the Malta Community Chest Fund to provide patient clearance, including patient’s medical bills and crypto wallet addresses. Binance has stated that the cryptocurrency assets have been “safely and transparently” stored on a cryptocurrency address easily accessible to the public.
Binance argues the delay was caused for security reasons
Additionally, the exchange said that the only reason for holding donation pledges was instead of patient verification, so the funds are not wrongfully transferred into fraudulent accounts.
Binance has assured that the hiked funding will solely be dedicated to cancer patients. The exchange claimed that their efforts to transfer the funds in the past to “suffering individuals that are in dire need of assistance” were unsuccessful, according to court documentation.
“We are happy that the appreciated crypto-asset now can help more people. Thi

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