Police in the United Arab Emirates briefly detained two Binance employees at airports in recent weeks and questioned a third staff member in July as part of a fraud investigation tied to funds moving through the exchange. All three were later released.
Binance said the employees were asked to provide standard statements to local authorities in what it described as routine inquiries related to third-party fund flows. According to the company, none of the staff members were investigation targets and they were promptly cleared.
Airport stops and July questioning
The reported stops involved two Binance employees who were pulled aside by Emirati police at airports, while a third official, who runs Binance’s Dubai subsidiary, was questioned at a police station in July.
The source article does not say how long the detentions lasted or identify the employees involved. It states that all three have since been released.
What Binance says authorities were examining
A Binance spokesperson said only a small number of personnel were contacted by local authorities and asked to provide standard statements. The company characterized the matter as part of routine inquiries concerning third-party fund flows rather than an investigation focused on Binance employees themselves.
The same account said the staff members were never targets. Binance also said they were cleared and released shortly after being questioned.
Why employees may have been contacted
Binance maintains a corporate bank account in the UAE that handles customer deposits and withdrawals, and several employees are named on that account. According to the report, police appear to have questioned some staff for that reason alone.
What exactly investigators are examining remains unclear. The article says the fraud inquiries reportedly concern customers rather than the exchange itself, but no further details about the alleged activity were provided.
Internal concerns and what comes next
The detentions are said to have unsettled Binance employees in the country. The report adds that the company has sought help from the Emirati government over safety concerns linked to the incidents.
Beyond Binance’s statement, authorities’ specific allegations, if any, were not disclosed in the source report. The next confirmed development is that the three employees have been released, while the underlying fraud inquiry appears to remain unresolved.
Source: news.bitcoin.com