Binance Discloses Two Employees Questioned in UAE Have Completed Statements and Been Allowed to Leave

Odaily News: Binance has announced that two employees previously questioned by authorities in the UAE have completed their statements and been permitted to leave, and have now been confirmed not to be targets of the related investigation. According to a Binance spokesperson, the employees were involved in providing explanations regarding third-party fund flows conducted through the company's client fund accounts. Binance stated that the UAE police and relevant authorities are conducting "routine inquiries," and the employees were cleared and released after providing the relevant information.

Earlier reports indicated that two Binance employees were detained at an airport in the UAE, with police investigating potential financial crimes involving the trading platform. Binance responded that the operational mechanisms for crypto asset and institutional client fund accounts remain an emerging area in certain jurisdictions, and the company is actively communicating with Dubai police and regulatory authorities in other emirates to establish clearer coordination mechanisms. (Cointelegraph)