Home » Others » Binance Faces Allegations of Seizing Palestinian Crypto Funds at Israeli Request

Binance Faces Allegations of Seizing Palestinian Crypto Funds at Israeli Request

28.08.2024 20:00 1 min. read Alexander Stefanov
SHARE: SHARES
Binance Faces Allegations of Seizing Palestinian Crypto Funds at Israeli Request

Binance, the world's largest cryptocurrency exchange, is under scrutiny following allegations that it confiscated Palestinian crypto funds at the request of the Israeli Defense Forces (IDF).

Ray Yousef, co-founder of Paxful and CEO of P2P platform Noones, claims that Binance confiscated these funds after receiving a directive from Israeli authorities.

Yousef’s claims are based on multiple sources, including a letter he claims was handed to Binance by Israeli authorities.

He stated:

Binance has seized all funds from all Palestinians at the request of the [Israel Defense Forces (IDF)]. They refuse to return the funds. All appeals have been rejected.

Yousef also suggested that this action could potentially extend to other regions, such as Lebanon and Syria. However, Binance has dismissed these claims, stating that only a small number of accounts linked to illegal activities are affected.

Source

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Others News
No Comments yet!

Your Email address will not be published.