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International Business Times
International Business Times
Business
Marvie Basilan

Did Binance Seize 'All' Palestinian Assets Upon Israeli Army's Request?

Binance has been accused of seizing the cryptocurrencies of Palestinian users. (Credit: AFP)

KEY POINTS

  • Noones App's Ray Youssef first broke the news, posting a letter Binance sent to users who appealed the block
  • Binance said there were "some incorrect statements" about the matter, adding that "only a small number of users were affected
  • A growing number of crypto users are calling on the community to boycott Binance

Binance is under fire for allegedly seizing "all" Palestinian funds upon the request of the Israel Defense Forces (IDF) and appeals to have their digital assets access reinstated have allegedly been denied. The issue comes amid the raging war between Israel and Hamas.

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