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Update: Market Chatter: Crypto Exchange Binance Staff Questioned Amid Bank Account Probe in UAE

MT Newswires·08/24/2026 00:02:03
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12:02 AM EDT, 08/24/2026 (MT Newswires) -- (Updates with Binance's statement) Binance staff were questioned by authorities in the United Arab Emirates regarding a bank account investigation, Bloomberg News reported on Aug. 21, citing people familiar with the matter and a company statement. The crypto exchange operator said that the employees gave statements to authorities in Sharjah and Dubai as part of routine investigations into third-party fund flows. A Binance spokesperson added that the employees involved in the incident were released after providing testimonies. In an emailed statement to MT Newswires, Binance said its employees were "never the targets or subjects" of the inquiries. The spokesperson added that the company remains in full cooperation with UAE authorities "to ensure a complete understanding of our platform and to support robust compliance safeguards." (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)