:Binance Denies Seizing Palestinian Funds on Israel’s request news update #freepalistine
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Binance has strongly denied allegations that it froze Palestinian customer funds at the request of Israeli authorities. The accusations came from Ray Youssef, CEO of Noones, who claimed that several Palestinian accounts were frozen due to an Israeli directive. Binance's CEO, Richard Teng, refuted these claims, stating that they are baseless and emphasizing the platform's commitment to protecting all users' funds, regardless of their location. Teng reaffirmed that Binance had not received any such requests from Israel and stressed that the company maintains robust cooperation with regulators to ensure compliance without compromising user trust.
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The controversy has reignited concerns about the use of centralized platforms for storing digital assets, especially in politically sensitive regions. While Binance acknowledged its role in complying with international sanctions and combating terrorist financing, it made clear that it does not act on directives that could unjustly target certain populations, unless mandated by global legal frameworks(
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