Ray Youssef, CEO of the Bitcoin P2P marketplace NoOnes, claimed that Binance has seized all funds from Palestinian users at the request of the Israel Defense Forces (IDF).

Binance responded, clarifying that only a small number of accounts linked to illegal activities have been restricted, and these users are banned from trading.

The seizures were made under Israel’s Anti-Terrorism Law, citing intelligence that the funds were connected to a declared terrorist organization.