Binance Employees Detained and Cleared by UAE Police Amid Financial Crimes Investigation

Two Binance employees were detained by UAE police over a financial crimes investigation but have since been cleared and released.

Binance says the questioning was tied to routine inquiries into third-party fund flows through a Binance account, not to any wrongdoing by the staff involved.

The exchange holds a Dubai operating license since 2022 and additional licenses from Abu Dhabi's Financial Services Regulatory Authority granted in December, effective January. The UAE's sovereign fund MGX invested $2 billion in Binance in March 2025, paid through the USD1 stablecoin tied to World Liberty Financial.

Binance faces separate legal pressure in the UK, where 1,700 investors have sued over high-risk products sold without regulatory approval.