Binance CEO Teng Denies Allegations of Freezing All Palestinian Funds

Binance CEO Teng has refuted claims that the cryptocurrency exchange froze "all funds from all Palestinians," as reported on X. He emphasized that Binance adheres to anti-money laundering regulations, similar to other financial institutions.

Teng clarified that the exchange's actions are in full compliance with anti-money laundering legislation. The allegations surfaced following a post that included a letter showing a rejected appeal by a wallet holder against a seizure order from November. However, the letter did not disclose the identity of the recipient.