Paxful CEO Ray Youssef accuses Binance of planting fake FUD about Palestinian accounts.
Youssef alleges Binance aids Israel by freezing Palestinian accounts upon IDF request.
Binance CEO Richard Teng denies allegations.
Binance exchange is under fire for allegedly freezing Palestinian accounts at the request of Israeli authorities. Paxful CEO Ray Youssef accused Binance of spreading disinformation to cover up its involvement.
The controversy began after Binance was accused of suspending Palestinian accounts. Polish entrepreneur Adrian ZduĆczyk alerted the community to potential foul play by competitors offering $20,000 for spreading Binance FUD.
CAUTION: Competitors offer 20k for spreading Binance FUD (screenshot)
In the era of misinformation and global tensions, it's easy to fall for fakes. Many bad actors are trying to manipulate this space dirty as we speak.
Fingers crossed for @binance & @_RichardTeng 
#DYOR https://t.co/dLI9spCHj5 pic.twitter.com/06LCIIzZ3R
â Adrian ZduĆczyk, CMT (@crypto_birb) August 28, 2024
Binance responded by acknowledging competition within the crypto space and urging users to conduct their own research. However, Youssef dismâŠ
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