Binance Staff Detained in UAE Amid Police Investigation
Two Binance staff members were detained at a UAE airport as part of police inquiries into suspected financial crimes on the cryptocurrency exchange.
The employees, who were not targets of the investigation, were asked to provide statements to United Arab Emirates authorities regarding third-party fund flows through a client account.
Binance stated that it is working with Dubai Police and other authorities to establish clear procedures for dealing with institutional client money accounts in the region.