Israeli Palestinian War Reaches Binance, Ordered to Seize Palestinian Funds

Ray Youssef, co-founder of Paxful and current CEO of Noones, accused Binance of freezing the funds of all Palestinian users at the request of the Israeli army.

Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied.

Your funds are SAFU at @noonesapp tho.

In accordance with the authority delegated to me by the Minister of Defense, according to Section 61(a)… pic.twitter.com/RYlsFmlh2i
— Ray Youssef (@ray_noOnes) August 26, 2024

A boycott movement have been launched against binance.

Wow, #BoycottBinance is trending now on 𝕏. They made a big mistake. Will this be their downfall or is it just a number 4? pic.twitter.com/R0jOWHDgx1
— DΛVID 🟢 (@DavidShares) August 28, 2024

Binance denied the accusations:

“FUD. Only a limited number of user accounts, linked to illicit funds, were blocked from transacting. There have been some incorrect statements about this,” Binance’s CEO stated.

FUD. Only a limited number of user accounts, linked to illicit funds, were blocked from transacting. There have been some incorrect statements about this.

As a global crypto exchange, we comply with internationally accepted anti-money laundering legislation, just like any other…
— Richard Teng (@_RichardTeng) August 28, 2024