The truly scary thing about undiscovered lies is that they have a greater capacity to diminish us than exposed ones. They erode our strength, our self-esteem, our very foundation.

Binance announced on Monday that it will block the accounts of sanctioned Russians, but will not "unilaterally" freeze the accounts of all Russian users.

The remarks came after Ukraine's vice prime minister demanded that all Russian user accounts be blocked on major cryptocurrency exchanges.

A representative for Binance, the world's largest cryptocurrency exchange, told CNBC, "We are not going to unilaterally suspend millions of innocent individuals' accounts."

"Crypto is designed to provide people all across the world more financial freedom. To decide unilaterally to deny people access to their crypto would be a direct violation of the purpose of crypto."