Binance’s CEO Richard Teng has firmly rejected
accusations circulating on social media that the crypto exchange froze all
Palestinian accounts at the orders of Israeli authorities, Coindesk reported.
Teng labeled these claims as fear, uncertainty, and
doubt, “FUD,” asserting that the allegations are misleading and that
Binance’s actions were confined to blocking only those accounts associated with
illicit activities.
The controversy reportedly arose from a social media post by Ray
Youssef, CEO of NoOnes, which suggested that Binance had seized funds from all
Palestinian users. Youssef supported his claims with a letter from Israel’s
National Bureau for Counter-Terror Financing.
This letter, dated November 2023, rejected an appeal
against a seizure order involving funds from the Dubai Exchange Company in
Gaza, which has been designated as a terror organization. However, the letter
did not specify the identities of the affected…
