Binance Has Not Complied With 86% of Israel's Account Block Requests

Binance, one of the largest crypto exchanges, has disclosed that it does not automatically comply with account blockages imposed by Israeli authorities. According to reports, the exchange failed to comply with 86% of these requests, as the accounts referenced did not appear to be involved in illicit activities, as determined by Binance’s investigations. These statements come after the exchange was accused of blocking all accounts belonging to Palestinian users and seizing their funds. However, Binance CEO Richard Teng denied these allegations, stating that only a small number of these accounts were affected.