Binance CEO Teng responds to allegations about Palestinian users
Richard Teng, CEO of the exchange, and Yi He, co-founders, responded to the claim that "Binance confiscated the assets of all its Palestinian users" put forward by former Paxful CEO Ray Youssef yesterday. The two administrators stated that the confiscation and asset freeze applies to a limited number of users.
Yesterday, the claim made by Ray Youssef, who became the former CEO of the P2P platform Paxful and finally became the head of Noones, another P2P company, made a sound in the cryptocurrency world. At the request of Israel, Youssef claimed that the Binance exchange confiscated the assets of all Palestinian users for no reason.
This claim was denied by Binance executives. Yi He, one of the founders of the exchange, and CEO Richard Teng stated that this situation applies not to all Palestinian users, but only to a limited number of users who are linked to illegal incidents.
In almost the same words, the two executives said, âAs a global cryptocurrency exchange, we comply with internationally accepted anti-money laundering rules. Like other financial institutions... We hope that peace will come to the region as soon as possible.
Ray Youssef also stated that all the demands of Palestinian users were rejected by Binance and said, "The assets of all Palestinians, not some users, have been confiscated." Youssef also claimed that there are Lebanese and Syrian users next.
