- Paxful CEO Ray Yousef accused Binance of spreading false FUD about Palestinian accounts.
- Yousef claims that Binance is supporting Israel by freezing Palestinian accounts on the request of the Israel Protection Forces.
- Binance CEO Richard Teng denied the allegations.
Binance Alternate has been accused of freezing Palestinian accounts on the request of Israeli authorities, with Paxful CEO Ray Yousef accusing the change of spreading disinformation to cowl up its involvement.
The controversy started after Binance was accused of suspending Palestinian accounts. Polish entrepreneur Adrian Zdunczyk warned the group about potential fraudulent practices by a competitor providing $20,000 to anybody who spreads FUD about Binance.
Binance responded by acknowledging competitors throughout the crypto trade and inspiring customers to conduct their very own analysis, however Yousef denied Binance's clarification and accused the corporate of spreading false info to guard itself.
“That is really disgusting and a far cry from the CIA and Mossad ways. Binance is planting false FUD to guard themselves.”
Yousef accused Binance of supporting Israel within the ongoing Israeli-Palestinian warfare. Paxful's CEO mentioned the change suspended the Palestinian account on the request of the Israeli Protection Forces.
Yousef shared a Hebrew letter, with translation, from Paul Landes, head of Israel's Nationwide Counterterrorism Financing Company. The letter dismissed an enchantment towards a seizure order dated Nov. 1, 2023, stating that funds have been transferred from Dubai Alternate to cryptocurrency wallets, together with these of recipients, within the Gaza Strip. Dubai Alternate was designated a terrorist group in 2022, in accordance with the letter.
The Paxful CEO additionally launched a video purportedly containing a message from Binance customer support confirming that the freeze on Palestinian property was ordered by Israeli regulation enforcement. Binance CEO Richard Teng denied these allegations, saying solely a restricted variety of consumer accounts linked to illicit funds have been blocked. He accused these reviews of spreading worry, uncertainty and doubt (FUD).
Binance has a historical past of working with Israeli authorities on counter-terrorism points, however the allegations might encourage customers to hunt a extra decentralized platform.
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