Binance Under Fire For Alleged Seizure Of Palestinian Crypto Assets At Israel's Behest
Portfolio Pulse from Aniket Verma
Binance is under scrutiny for allegedly seizing Palestinian crypto assets at Israel's request. The accusations come from Ray Youssef, who claims Binance acted on a directive from the Israel Defense Forces. Binance denies the claims, stating only a few accounts linked to illicit activities were affected. This follows a $4.3 billion fine for failing to comply with U.S. anti-money laundering laws.
August 28, 2024 | 6:15 am
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Binance is accused of seizing Palestinian crypto assets at Israel's request, which could impact its reputation and regulatory standing. Binance denies the claims, stating only illicit accounts were restricted.
The allegations against Binance could harm its reputation and lead to increased regulatory scrutiny, especially following its recent $4.3 billion fine for AML violations. This could negatively impact the short-term price of BNBUSD.
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