💠Crypto entrepreneur Ray Youssef claimed that Binance has started mass blocking of Palestinian users’ accounts at the request of the Israel Defense Forces. However, crypto journalist Colin Wu believes this information is exaggerated. Youssef argues that all Palestinian accounts have been frozen, and users cannot retrieve their funds.
💠Representatives of Binance denied the rumors of targeted blockings, stating that only a small number of accounts associated with illegal activities were blocked. They emphasized that the Palestinian market constitutes less than 0.05% of the platform’s traffic.
💠Despite these clarifications, Binance has not provided information about the number of affected users, while the company plans to increase its staff by 200 people to improve regulatory compliance.