DOGS

<p class="is-style-lead">Leading cryptocurrency exchange Binance denied allegations of seizing funds from Palestinian users, telling crypto.news recent reports it had were not true.</p>
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 <p>“There have been some incorrect statements around this.”</p> <cite>A Binance spokesperson told crypto.news</cite>
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<p>On Aug. 26, Ray Youssef, the co-founder and <a href="https://crypto.news/paxful-bans-former-ceo-days-after-resuming-operations/" target="_blank" rel="noopener noreferrer nofollow">former CEO</a> of the peer-to-peer crypto exchange Paxful, shared an image of a document by Israel’s National Bureau for Counter Terror Financing that hinted at “temporary seizure of property of a declared terrorist organization.” This included the confiscation of crypto assets.</p>
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   <p lang="en" dir="ltr">Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied.<br><br>Your funds are SAFU at <a href="https://twitter.com/noonesapp?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@noonesapp</a> tho.<br><br>In accordance with the authority delegated to me by the Minister of Defense, according to Section 61(a)… <a href="https://t.co/RYlsFmlh2i" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/RYlsFmlh2i</a></p>— Ray Youssef (@ray_noOnes) <a href="https://twitter.com/ray_noOnes/status/1828006618539212919?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 26, 2024</a>
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<p>Per Youssef’s claims, Binance’s Palestinian user funds have been “seized” and the exchange refuses “to return the funds.”</p>
<p>On the other hand, Binance said that “only a small number of user accounts, linked to illicit funds, were blocked from transacting.” Per the spokesperson, the movement comes as Binance tries to “comply with internationally accepted sanctions legislation.”</p>
<p>You might also like: <a href="https://crypto.news/ton-blockchain-resumes-operations-following-dogs-fuelled-outage/" rel="noopener noreferrer nofollow"> TON blockchain resumes operations following DOGS fuelled outage </a></p>
<p>In February, Binance <a href="https://crypto.news/binance-settlement-plea-deal/" target="_blank" rel="noopener noreferrer nofollow">agreed</a> to a $4.3 billion plea deal after the exchange and former CEO pleaded guilty to charges of anti-money laundering and sanctions violations. The charges included facilitating transactions for the Palestinian militant group Hamas.</p>
<p>In October 2023, Binance <a href="https://crypto.news/binance-reportedly-blocked-over-100-hamas-related-accounts/" target="_blank" rel="noopener noreferrer nofollow">allegedly blocked</a> over 100 user accounts related to Hamas. Per the report, the move was requested by Israel.</p>
<p>According to Youssef’s X post, the Binance customer service told a Palestinian user to contact an email address related to the Israeli police.</p>
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   <p lang="en" dir="ltr">Ok here is video proof from a Palestinian. <br><br>This is 100% confirmed. Israel is putting massive pressure on Binance and all other exchanges to blanket seize the funds of ALL Palestinians. The document in the original post has 500 names but there have been many such versions of it… <a href="https://t.co/p3eoFOvgXR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/p3eoFOvgXR</a></p>— Ray Youssef (@ray_noOnes) <a href="https://twitter.com/ray_noOnes/status/1828451333214486540?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 27, 2024</a>
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<p>Binance did not respond to crypto.news’ request for information on the screen recording of its customer support.</p>
<p>Read more: <a href="https://crypto.news/haru-invest-ceo-stabbed-during-fraud-trial-report/" rel="noopener noreferrer nofollow"> Haru Invest CEO stabbed during fraud trial: report </a></p>

Binance denies allegations of seizing mass Palestinian funds

crypto.news

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