Binance Seizes Palestinian Assets at Israel's Request; CEO Ray Youssef Denies Blanket Seizure

Aug 27, 2024, 10:58 PM

Ray Youssef, CEO of Bitcoin P2P marketplace NoOnes, stated that Binance has seized all Palestinian assets following a request from the Israel Defense Forces (IDF). The IDF claims the funds were linked to a Gaza-based organization involved in terrorism, prompting the seizure under Israeli anti-terrorism laws. Binance denies a blanket seizure and says only accounts associated with illegal activities are affected. This action has sparked scrutiny and controversy, with calls for boycotting Binance emerging.