Yesterday, the claim made by Ray Youssef, the former CEO of the P2P platform Paxful, who recently became the head of Noones, another P2P company, made a sound in the cryptocurrency world. Youssef claimed that at the request of Israel, the Binance exchange seized the assets of all Palestinian users for no reason.

This claim was denied by Binance executives. Yi He, one of the founders of the exchange, and CEO Richard Teng stated that this situation does not apply to all Palestinian users, but only to a limited number of users linked to illegal events.

“As a global cryptocurrency exchange, we comply with internationally recognised anti-money laundering rules. Like other financial institutions… We hope peace will come to the region as soon as possible.”

Ray Youssef also stated that all requests of Palestinian users were rejected by Binance and said, ‘Not some users, but all Palestinians’ assets were confiscated.’ Youssef also claimed that Lebanese and Syrian users were next.