Binance Confirms Employees Questioned by UAE Authorities Have Been Released

Binance says two employees who were detained in the United Arab Emirates have since been cleared and released after providing statements related to third party fund flows through a company client money account, according to a spokesperson.

What Happened

The employees were reportedly stopped at airports in the UAE as part of a police inquiry into potential financial crimes connected to the exchange. Binance emphasized that the employees were not targets or subjects of the investigation, describing the questioning as part of routine inquiries.

The company said it is working with Dubai Police and authorities across other Emirates to establish clearer coordination procedures around institutional client money accounts, noting that crypto-related financial mechanics remain new concepts in many jurisdictions.

Echoes of a Past Incident

The case draws comparisons to 2024, when Nigerian authorities detained Binance’s then head of financial crime compliance, Tigran Gambaryan, for eight months on money laundering charges. Those charges were later dropped in October 2024.