Two Binance employees detained in UAE police probe, cleared of wrongdoing

Two Binance employees were detained during a United Arab Emirates police investigation, though both were later cleared of wrongdoing, The New York Times reported, citing sources. The employees were detained as part of a police probe into possible financial crimes that may have occurred at Binance, though the specific case under investigation was not disclosed. One employee, a midlevel manager, was stopped at the airport while passing through Sharjah in August and was taken to a police station, where the employee was held overnight. Another employee, an executive at a Dubai-based subsidiary, was questioned at a police station in July. Binance said the two were not suspects in the investigation and were released without charges.