DeFi Daily News
Friday, August 29, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

Decrypt: Binance Financial Crime Chief Reveals Company’s Non-Compliance with Certain Israeli Military Requests

Sander Lutz by Sander Lutz
October 5, 2024
in Web 3
0 0
0
Decrypt: Binance Financial Crime Chief Reveals Company’s Non-Compliance with Certain Israeli Military Requests
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


Binance’s approach to complying with requests from the Israeli military regarding freezing crypto wallets belonging to Palestinians and others is not arbitrary, the company’s head of financial crime investigations emphasized in an interview with Decrypt.

“We don’t just rely on one single source, or one single tool,” Nils Anderson Röed, Binance’s global head of financial investigations, said, highlighting the comprehensive approach taken by his team when dealing with requests from the Israeli Defense Forces (IDF).

In response to allegations made in late August, Binance CEO Richard Teng vehemently denied reports suggesting that the exchange had indiscriminately frozen the wallets of all Palestinian customers as requested by the IDF.

Following these events, Teng clarified in an interview with Decrypt that despite the IDF’s request to freeze over 1,500 wallets of Palestinians, Binance found that only around 220 of those wallets, or 14% of the total number, exhibited “legitimate” signs of involvement in illicit activities according to international regulations. Consequently, only those identified wallets were blocked from trading on Binance.

During an interview at the Messari Mainnet conference in New York, Binance’s Röed elaborated on the firm’s practices, explaining that their financial investigations team conducts independent open-source intelligence research in parallel to governmental investigations to verify potential disagreements regarding the classification of “illicit” activities.

Röed illustrated that in certain cases, while the IDF may allege a crypto wallet is involved in terrorism financing, Binance’s internal research team may suggest that it is associated with a charitable organization. This discrepancy prompts consultations between Binance’s financial investigations team, legal advisors, and the relevant law enforcement agencies to ensure compliance with international law while respecting user rights.

Consequently, these deliberations led to Binance rejecting 86% of the wallet seizure requests received from Israel not long ago.

Having extensive experience in cybersecurity and dark web investigations with organizations like Europol and the Dutch government, Röed ensured that Binance has allocated additional resources to guarantee thorough investigations in high-profile regions such as the Middle East.

“We’re doing a lot of additional checks, especially with these kinds of very sensitive issues,” Röed emphasized.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Now, if you’re interested in exploring more trending news articles similar to this, don’t forget to check out DeFi Daily News for the latest updates and insights from the world of decentralized finance. Happy reading!



Source link

Tags: binancechiefcompanyscrimeDecryptfinancialIsraelimilitaryNonComplianceRequestsReveals
ShareTweetShare
Previous Post

Trump’s 3 Rules for Parenting

Next Post

Brigette’s Weekly Grocery Haul and Meal Plan for a Family of 5 – Totaling $120.47

Next Post
Brigette’s Weekly Grocery Haul and Meal Plan for a Family of 5 – Totaling 0.47

Brigette's Weekly Grocery Haul and Meal Plan for a Family of 5 - Totaling $120.47

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

July 15, 2024
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
rewrite this title Falcon Finance Launches On-Chain Insurance Fund With M Initial Capital

rewrite this title Falcon Finance Launches On-Chain Insurance Fund With $10M Initial Capital

August 28, 2025
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title Pokemon GO Rookidee Community Day PvP and PvE analysis

rewrite this title Pokemon GO Rookidee Community Day PvP and PvE analysis

August 29, 2025
rewrite this title Tron Network Fees Slashed After Vote—Here’s What to Expect – Decrypt

rewrite this title Tron Network Fees Slashed After Vote—Here’s What to Expect – Decrypt

August 29, 2025
rewrite this title and make it good for SEOAging Japan is tripling its investments to .8 billion a year in a bid to get India’s younger workers

rewrite this title and make it good for SEOAging Japan is tripling its investments to $6.8 billion a year in a bid to get India’s younger workers

August 29, 2025
rewrite this title *HOT* Amazon Basics Sandwich Bags, 100 Count only  shipped, plus more!

rewrite this title *HOT* Amazon Basics Sandwich Bags, 100 Count only $2 shipped, plus more!

August 29, 2025
rewrite this title What Taylor Swift’s Ex Joe Alwyn Thinks About Her Engagement To Travis Kelce! – Perez Hilton

rewrite this title What Taylor Swift’s Ex Joe Alwyn Thinks About Her Engagement To Travis Kelce! – Perez Hilton

August 29, 2025
rewrite this title Pepeto Presale Compared to Dogecoin: Which Meme Coin Will Lead the Next Bull Run

rewrite this title Pepeto Presale Compared to Dogecoin: Which Meme Coin Will Lead the Next Bull Run

August 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.