The crypto exchange insists it only froze a “limited number” of accounts over “illicit funds”
Leading cryptocurrency exchange Binance has been accused of seizing “all funds from all Palestinians” on a request from the Israeli Defense Forces (IDF). The exchange has denied the allegation, insisting it targeted only a “limited” number of accounts over “illicit funds.”
The accusation was first raised by Ray Youssef, the CEO of peer-to-peer crypto marketplace NoOnes and co-founder of crypto platform Paxful, on Monday. The crypto entrepreneur took to X to directly accuse Binance of seizing the funds of all Palestinians.
“Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied,” Youssef claimed, citing several sources and a letter from the Israeli authorities said to have been circulated by Binance.
The letter, signed in November 2023 by Israel’s…