Topic: Binance seizes assets of Palestinians at the request of Israel (Read 275 times)

Is anyone really surprised by this?

I mean Israel's influence spreads wide and I still dont understand how firstly Binance
couldnt 'politely' refuse anything the Israeli government requests and secondly why
countries are not stepping up and sanctioning Israel over the continuing shameful
occupation and blockade of Gaza.

Fuck Israel and fuck binance.

But fuck Israel more.

you are absolutely correct
unless the suspicion of activity reaches a threshold of money laundering/terrorism the most a service can do is stop access to internal features(for its own private business reasons(normally found in T&C)) and only offer a withdrawal to then ban the account when balance is removed.

however this is the FUD part.
the title of this topic makes the thin suggestion that all palestinians funds are seized and done so for no reason but racism.. however as the letter says(linked a few posts back) only those linked to a criminal/terrorist organisation have funds seized. and its only a few accounts.. there was no blanket seizure for a whole genotype/demograph/population

general advice for all:
but with that said, if you are currently living/working/touring in a warzone area, it might be best to remove funds from centralised services and only use services for their immediate conversion/purchase/sell, and not to use it as a 'bank'/custodian. you might be innocent of a crime, but your neighbours or real world services or anyone linked to warzone area's activities that use coin, may have mixed criminal used coins with theirs when servicing you, thus you may end up with mixed dirty coin which might get you investigated, so be careful

On one hand, this should terrify anyone with assets on an exchange, crypto or otherwise. On the other hand, countries are now using Bitcoin exchanges to confiscate funds from their enemies and punish them. 10 years ago something like this was unimaginable. So while it is terrifying, it does signal a certain level of progress.

On one hand, this should terrify anyone with assets on an exchange, crypto or otherwise. On the other hand, countries are now using Bitcoin exchanges to confiscate funds from their enemies and punish them. 10 years ago something like this was unimaginable. So while it is terrifying, it does signal a certain level of progress.

As I look into the news, it's just freeze of assets of a limited number of users who are accused of being involved in illicit activities or so Binance says.
The crime and politics are often synonym to each other so its hard to make a comment.
If you really want to be free, avoid centralized services.

On one hand, this should terrify anyone with assets on an exchange, crypto or otherwise. On the other hand, countries are now using Bitcoin exchanges to confiscate funds from their enemies and punish them. 10 years ago something like this was unimaginable. So while it is terrifying, it does signal a certain level of progress.

And since you are throwing in sentences like Israel is a money laundering operation, maybe throw some facts, that your argument would have any substance.

What would you expect, exactly?  You think he's going to come out and say Yes we seized the little guy's money because we're on league with the Zionist Terror State?

And his excuse is laughable.  Please explain to me (an American who's money is being squandered) how Israel isn't a money laundering operation.

the title of this topic makes the thin suggestion that all palestinians funds are seized and done so for no reason but racism.. however as the letter says(linked a few posts back) only those linked to a criminal/terrorist organisation have funds seized. and its only a few accounts.. there was no blanket seizure for a whole genotype/demograph/population

GitHub.com may not be used for purposes prohibited under applicable export control laws, including purposes related to the development, production, or use of nuclear, biological, or chemical weapons or long range missiles or unmanned aerial vehicles.

He seems to downplay this by a lot. Says that some accounts were blocked from transacting. Does that mean funds are available for withdrawal or were they seized?
There's a big difference between the two, because a compliant exchange has all the right to issue warnings, ask users to withdraw and stop using the exchange, block them from trading and so on, but they should not take user's funds. If they really blocked accounts from trading and that's all, fine, the news is FUD aimed at Binance, but if he said they were blocked from trading, but really also from withdrawing, the CEO is lying and you guys should take your money out of there.

This is just Fuds aimed at Binance without any evidence and soon after, Binance CEO Richard Teng also quickly spoke up about this issue.

In accordance with the authority delegated to me by the Minister of Defense, according to Section 61(a) of the Law on Combating Terrorism, 556-
2016 (hereinafter: "The Law on the Fight against Terrorism") and further to your application as a reference, I would like to inform you that your claims against
Seizure of property by virtue of an administrative seizure order (T56/23) signed by the Minister of Defense on November 1, 2023
By virtue of his authority according to the law, were examined by and rejected for the following reasons:
1. Section 56(b) of the Anti-Terrorism Law states, among other things, that the Minister of Defense may issue an order on
Temporary seizure of property of a declared terrorist organization, as well as seizure of property that was used to commit a crime
Serious terrorism or property where a serious terrorist offense was committed.
2. At the basis of the administrative seizure order (Tt56/23) is reliable intelligence information that teaches that wallets
of cryptocurrencies, including one that is registered in your name, funds have been transferred by an organization
The declared terrorism of the Dubai Exchange Company in the Gaza Strip (declared on March 7, 2022, published in the
10084 p. 2505 on 4.4.2022 (.
3. According to the anti-terrorism law, cryptographic currencies that have been transferred by a declared terrorist organization
constitute property of a declared terrorist organization and cryptocurrency wallets to which it has been transferred
Said property constitutes property that was directly used to commit a serious terrorist offense of providing a service or
Establishing measures for a terrorist organization, as defined in the Law on Combating Terrorism, and therefore in accordance with the instructions
The law allows the Minister of Defense to order their seizure by administrative order in preparation for their confiscation.
4. In light of the above, and if nothing is found in your claims to contradict the information that formed the basis of issuing an order
The seizure, I intend to recommend to the Minister of Defense to order the confiscation of the property for which the seizure order was issued,
In accordance with the authority of the Minister of Defense according to section 66(a) of the law.
5. According to the provisions of the Anti-Terrorism Law, an appeal against this decision will be submitted as a petition to the Court of Matters
administrative.