Two Binance employees have been released after being detained in the UAE

According to The New York Times, two Binance employees were detained by police in the UAE in recent weeks as part of an investigation into potential financial crimes involving the exchange. Binance responded that this is a routine inquiry regarding third-party fund flows.

Binance stated that the relevant employees have now been cleared and released. The report did not disclose further details about the case or the identities of those involved.