Those are donations that should have gone to charity, but then again I wonder: why would people give their donations through a private entity instead of forwarding said donation towards real non-profit organizations or make a coordination to wherever they are planning to send the money to? No offense to them, what they're doing is truly remarkable given that most exchanges are not that open when it comes to helping other humanitarian causes but shouldn't people who donated expect that something like this could happen? But then again:
“The Binance part ($10 million) is a commitment … other [donations] are set aside. But since we don’t have that many projects yet, they will come when needed.”
It's good if they really are planning to use the funds in increments to help other people in need, or if the need arises. I just can't understand the logic, still, so pardon me.
