This revelation comes straight from Ray Youssef, who stated that the exchange refuses to return the funds. All appeals have been denied. Palestinians affected by this decision have found their accounts frozen with no way to access their crypto assets.
The seizure is reportedly tied to Israeli law—specifically, the Anti-Terrorism Law of 2016. The law gives Israel’s Minister of Defense broad powers to confiscate property deemed to be linked to terrorism. A seizure order, labeled T56/23, was signed on November 1, 2023, under this law.
The claim is that cryptocurrency wallets, including those owned by Palestinians, have received funds from a group designated as a terrorist organization by Israel. This group, the Dubai Exchange Company operating in Gaza, was flagged by Israel in 2022.
“I have received this from several sources. All Palestinians are affected and judging by the way things are going all Lebanese and Syrians will get the same treatment. Not your keys, not your coins. We are all Palestinians now.”
Binance doing shady shit? Par for the course.
This should be a lesson for everyone, but I doubt anyone will learn. The FTX collapse, various other exchange “collapses”/rug pulls.
if you leave your crypto in an exchange, it is not in your possession. You give your crypto to an exchange and they pRoMiSe it will always be there. And then the exchange takes them
If these funds were actually held in self custody wallets, this
wouldn’tcouldnt happen.