Binance said two employees who had been questioned by authorities in the United Arab Emirates have completed their statements and were allowed to leave, adding that they have been confirmed not to be targets of the related investigation. A Binance spokesperson said the matter involved explaining third-party fund flows that moved through company client fund accounts. According to the exchange, UAE police and other authorities were conducting what it described as 「routine inquiries」, and the employees were released after providing the requested information. Earlier reports had said the two Binance employees were stopped at an airport in the UAE while police examined possible financial crimes tied to a trading platform. Binance said the operating structure for crypto assets and institutional client fund accounts remains a new area in some jurisdictions, and that it is in active communication with Dubai police and regulators in other emirates to establish a clearer coordination mechanism.
Binance said two employees who were previously questioned by authorities in the United Arab Emirates have completed their statements and were allowed to leave. The company said they have now been confirmed not to be targets of the related investigation.
A Binance spokesperson said the issue centered on explanations about third-party fund flows conducted through company client fund accounts. Binance said UAE police and relevant authorities were carrying out what it described as 「routine inquiries」, and the employees were released after providing the requested information.
Earlier reports said the two Binance employees had been stopped at an airport in the UAE, while police were investigating possible financial crimes that could involve a trading platform. In response, Binance said the operating structure for crypto assets and institutional client fund accounts remains a relatively new area in some jurisdictions. The company added that it is actively communicating with Dubai police and regulators in other emirates to build a clearer coordination mechanism.
The development was reported by Cointelegraph and cited by Odaily.
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