Binance on the Spot for Seizing Crypto Funds from Palestinians

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Crypto exchange Binance has reportedly come under fire forย allegedly freezing cryptoย from Palestinians at the behest of Israeli authorities. On Aug. 26, 2024, Ray Youssef, CEO of the Noones P2P network and cofounder of Paxful,ย statedย on X (formerly Twitter) that Binance had frozen Palestinian funds after receiving a request from the Israeli Defense Forces (IDF).

Youssef revealed that Binance had declined to restore the money and that the impacted Palestiniansโ€™ pleas had been turned down on all counts. He cited a letter from Israeli authorities as proof of what transpired. He also voiced worry that people in other nations, such as Syria and Lebanon, would faceโ€ฆ

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