Binance confirms employees were questioned by UAE authorities over third-party transactions but were not investigation targets.
Two Binance employees were detained by UAE authorities in recent weeks as part of an inquiry into potential financial irregularities involving third-party fund flows. The company stated the staff members were asked to provide statements regarding transactions through a Binance client account but were not targets of the investigation and have since been released.
Binance described the inquiry as routine and said it is collaborating with Dubai Police and other UAE agencies to establish coordination procedures for such cases. The investigation focuses on fund movements rather than direct allegations against the employees or the exchange.
No immediate market reaction was reported following the detentions, though regulatory scrutiny of crypto exchanges continues to draw attention from investors.