Binance CEO Refutes Claims of Palestinian Asset Seizures

Richard Teng asserts that only accounts linked to illicit activities were affected, countering allegations of widespread fund confiscations.

Ray Youssef, CEO of Noones, accused Binance of freezing all Palestinian funds at Israel's request.
Teng labeled the allegations as 'FUD,' emphasizing compliance with global anti-money laundering laws.
A letter from Israel's Counter Terror Financing Bureau was cited as evidence but lacks verification.
Israel has seized funds from 190 Binance accounts since 2021, reportedly tied to terrorism.
Binance faced a $4.3 billion fine last year for anti-money laundering violations.