Binance’s alleged seizure of Palestinian crypto funds sparks fury

Nazim Sheikh

International Courant

ISTANBUL

Cryptocurrency big Binance has been accused of seizing funds from Palestinian customers on the request of the Israel Protection Forces (IDF).

Ray Youssef, CEO of the Bitcoin market platform Noonesapp, made the allegation on the social media platform X, stating, “Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied.”

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In response to the accusations, a Binance spokesperson instructed Anadolu that the claims had been inaccurate. The spokesperson clarified that solely a restricted variety of consumer accounts, which had been linked to “illicit funds,” had been impacted and prevented from transacting. Nonetheless, Binance didn’t specify the extent or worth of the “illicit funds” concerned.

“As a worldwide crypto change, we adjust to internationally accepted anti-money laundering laws, identical to some other monetary establishment,” Binance added.

The scenario comes amid the continuing battle in Gaza, the place, based on native well being authorities, greater than 40,500 Palestinians have been killed, and over 92,700 others injured. The Israeli conflict, now greater than ten months in, has left giant areas of Gaza in ruins beneath a extreme blockade that has restricted entry to meals, clear water, and medication.

Israel is at present dealing with accusations of genocide on the Worldwide Courtroom of Justice, which has ordered a halt to army operations within the southern metropolis of Rafah, the place over a million Palestinians sought refuge earlier than the realm was invaded on Could 6.



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Binance’s alleged seizure of Palestinian crypto funds sparks fury

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