Binance faced accusations of freezing Palestinian cryptocurrency assets following a directive from the Israel Defense Forces (IDF). These claims, spreading rapidly on social media, suggested a blanket seizure of funds. In response, Binance's leadership, including CEO Richard Teng and co-founder Yi He, clarified that only a limited number of accounts linked to illicit activities were blocked, emphasizing compliance with anti-money laundering laws. The crypto community's reaction was mixed, with some calling for a boycott and others recognizing the challenges of global regulatory compliance. The incident highlights the geopolitical complexities and pressures faced by major exchanges.