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 authorizations issued by Abu Dhabi.

This Friday, Binance confirmed that its workers questioned in the United Arab Emirates (UAE) were cleared and released after cooperating with authorities. The appearance took place after two team members were temporarily detained at local airports.

According to reports from The New York Times, the detentions stemmed from a series of police inquiries related to potential financial crimes processed through the platform’s ecosystem. For its part, the exchange clarified that the procedures were routine inquiries regarding third-party fund movements in client cash accounts.

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