As a researcher with extensive experience in financial systems and their impact on vulnerable communities, I can’t help but feel deeply moved by the story of Mohammed, a man from Gaza who is pleading for the release of his savings stuck on Binance. His plight underscores the harsh realities that many residents of Gaza face daily – severe shortages of necessities like food and water, compounded by the ongoing Israel-Hamas conflict.
In the wake of a year marked by critical scarcity of essentials such as food and water in Gaza following the Israel-Hams conflict, a local resident has taken to social networks, imploring Binance to unfreeze his $30,000 that is currently held on their platform.
On October 4, 2024, Mohammed, who was identified in the post, appealed on X (previously Twitter) for the return of his frozen assets. In his message, he expressed, “Hello Binance, it’s been a year since you froze my $30,000 – every penny I had saved, and disclosed my information to Israel. Could you please refund me? I urgently need that money.
On August 28, 2024, Binance temporarily halted several Palestinian user accounts, suspecting them of ties with illicit funds. Yet, Binance co-founder Yi He clarified that only a handful of accounts were affected by this action. Yi He emphasized that Binance strictly complies with international anti-money laundering regulations, just like other financial entities, and expressed his hope for peace in the region.
Mohammed’s post underscores the significant financial hardships that numerous Gaza inhabitants experience, and it has garnered noticeable attention on social platforms, prompting users to encourage Binance to address the issue.
Although Binance’s customer service team has responded to his query, it’s yet to be determined if any steps have been initiated to address his problem. People are eagerly watching to find out if his complaint results in the release of his frozen assets.
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2024-10-05 08:36