Two Binance employees were detained in the United Arab Emirates (UAE) in recent weeks as authorities investigated possible financial crimes linked to the cryptocurrency exchange, the New York Times reported, citing four people familiar with the matter.

Binance said the employees were questioned over routine inquiries into third-party fund flows through a client money account. The company said neither employee was a target of the investigation and that both had been cleared and released.

The detentions add to regulatory scrutiny facing Binance as it expands its operations in the UAE. The exchange said it remains committed to cooperating with Dubai Police and other authorities as rules governing cryptocurrency and institutional client accounts continue to evolve.

In July 2026, the Wall Street Journal reported that the European Securities and Markets Authority (ESMA) privately advised national regulators against approving Binance’s application because of concerns over the exchange’s history of financial-crime compliance, including its 2023 U.S. anti-money laundering settlement.

REGULATION | Binance Was Reportedly Cut Off from The European Union Due to a ‘History of Financial-Crime Violations’

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