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Major global cryptocurrency exchange Binance seized cryptocurrency from Palestinians as per request from Israel, according to sources from a prominent industry executive.
Ray Youssef, co-founder of the peer-to-peer (P2P) crypto platform Paxful and P2P crypto platform NoOnes, took to X on Aug. 26 to report that Binance confiscated funds from Palestinians at the request of the Israel Defense Forces (IDF).
Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied, Youssef wrote, citing several sources, including a letter from Israel authorities passed on by Binance.
