Two Binance Workers Held at UAE Airports Amid Fraud Inquiries

Two Binance Workers Held at UAE Airports Amid Fraud Inquiries

Police in the United Arab Emirates detained two Binance employees at airports and questioned a third, as part of a fraud inquiry into funds moving through the exchange. All three have been released, and Binance says none of them were targets. Employees Held After Airport Stops, Then Released Emirati police pulled two Binance employees aside […]

Police Inquiries Test Binance Operations in the UAE Amid Scrutiny

Police inquiries in the United Arab Emirates are testing Binance’s operations in the region, after two of the exchange’s employees were detained and questioned in recent weeks. The world’s largest crypto exchange says the workers were asked about third-party fund flows, not accused of wrongdoing. What the police inquiries mean for Binance in the UAE Two Binance employees were detained in the UAE during recent weeks, according to reporting citing…

Binance Says UAE-Questioned Employees Were Cleared and Released

TL;DR: Two cryptocurrency exchange employees were temporarily detained at UAE airports during police investigations into third-party fund flows. An official company spokesperson confirmed to Cointelegraph that the questioned personnel were not the target of the inquiry and were consequently cleared and released. The company maintains a regulated presence in the region following the acquisition of its Dubai operational license in 2022 and author…