Binance is facing accusations of freezing Palestinian accounts at the request of Israeli authorities. Paxful CEO Ray Youssef accused Binance of spreading disinformation to cover up its involvement.
The Beginning of the Scandal
The controversy began after Binance was accused of suspending Palestinian accounts. Polish entrepreneur Adrian Zduńczyk alerted the community to potential foul play by competitors offering $20,000 for spreading Binance FUD.
Accusations and Response
Paxful CEO Ray Youssef claims that Binance aids Israel by freezing Palestinian accounts upon IDF request. Zduńczyk pointed to the potential involvement of competitors in spreading false information about Binance.
Binance's Reaction and Further Actions
Binance CEO Richard Teng denied the allegations. Binance acknowledged competition within the crypto space and urged users to conduct their own research.
The scandal surrounding Binance and the accusations of freezing Palestinian accounts continue to develop. It remains unclear what measures will be taken to resolve the situation.
Comments