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.
Coinbase has taken a major step toward expanding its decentralized finance (DeFi) presence by bringing onboard the leadership team behind Opyn Markets, a prominent name in the DeFi derivatives space.
Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
Robinhood has officially introduced Ethereum (ETH) and Solana (SOL) staking services for its U.S. customers, offering a new way for users to earn rewards on their crypto holdings.
Binance CEO Richard Teng shared an optimistic outlook on the future of cryptocurrencies during an appearance on Mornings with Maria, highlighting growing global acceptance, regulatory progress, and strategic reserve integration.