One of the world’s largest cryptocurrency exchanges Binancewas in the news this morning with allegations that it “confiscated the assets of Palestinian users at the request of Israel” and caused a severe drop in the cryptocurrency markets. Paxful co-founder Ray Youssef Binance has issued a statement in response to the claim by .

Binance issued a statement regarding these developments, stating that the allegations in question were does not reflect reality he had stated. The crypto exchange’s statement said that some accounts of Palestinians had been blocked, but the number was low and the accounts in question were used for illegal transactions.

Binance faces boycott

Binance’s statement wasn’t enough to extinguish the fire in the markets, and a major drop was seen in cryptocurrencies, especially bitcoin. Moreover, Binance was also negatively affected by the boycott. Following the Binance Boycott, this cryptocurrency exchange was delisted from this cryptocurrency exchange within 24 hours. worth $2.6 billion Bitcoin withdrawn.

On the other hand, Binance to crypto assets After the seizure, many investors started looking for alternatives. While some users suggested different cryptocurrency exchanges, some investors stated that cold wallets were the best way to store crypto assets.

Binance’s decision and implementation boycott What do you think? Which way do you think is the right one?