- Some of the wallets belong to IS militants
- The company criticized the publication of Reuters, noting that they are doing everything possible to prevent such activity on the platform.
Yesterday, May 4, the Reuters news portal announced that the Israeli authorities froze and then confiscated funds from about 190 accounts on the Binance exchange. These wallets are suspected to be linked to terrorists and may have been used to finance illegal activities.
By data news agency, said accounts are linked to members of the Islamic State and Hamas (prohibited terrorist groups).
This is partly confirmed by documentation published by the NBCTF (Israel National Bureau for Combating Terrorist Financing). So, for example, in a summary of January 12 mentioned confiscation of two wallets on Binance, which is designed to “interfere” with the activities of “ISIS”.
The operation was not a one-time operation. These accounts have been frozen in the last two years. But the portal unobtrusively emphasizes that Binance, although it claims to improve the user verification mechanism, does not do this in practice.
Today, May 5, the exchange published official response:
“Again, the same well-known news agency simply omits critical facts to create the emotional color it wants. This time they raised questions about our compliance policy to prevent and suppress terrorist financing through cryptocurrency. We take this topic very seriously and would like to clarify.”
In the publication, the company emphasized that its policy in this matter complies with the AMLD5 / 6 standards. At the same time, there are allegedly not many counterparties in the world who would do more to prevent the financing of terrorism than Binance.
The firm noticed that it could not block the deposit after verifying the transaction on the blockchain. The company cooperated with the authorities, but did not cover this case earlier due to its specificity.
Earlier, we talked about the launch of another FUD campaign against Binance. At the same time, ChatGPT is used to denigrate the platform.