Binance Says Two UAE Employees Questioned Over Fund Flows Were Cleared
Two Binance staff were detained in the UAE during an inquiry into third-party fund flows, the company says, adding both were cleared and released.
AfroEuropa Newsroom
AfroEuropa desk
Two employees of the cryptocurrency exchange Binance were detained in the United Arab Emirates in recent weeks as authorities looked into possible financial crimes tied to the company, according to reporting by the New York Times, which cited four people familiar with the matter, as noted by BitKE.
Binance said the staff were questioned in connection with routine inquiries into third-party fund flows moving through a client money account. The exchange stated that neither employee was a target of the investigation and that both were cleared and released. A company spokesperson told Cointelegraph the employees were released after giving statements to UAE authorities about the fund flows through a company client account.
Keep reading
Bitcoin Climbs Past 200-Day Moving Average After US Treasury Buyback Move
BTC rose above $75,000 and reclaimed its 200-day moving average for the first time in nine months following an expansion of US Treasury bond buybacks.
Other highlights
Samsung's Galaxy Z Flip8 and Galaxy S26 FE Surface Ahead of Launch
GSMArena details a hands-on look at the Galaxy Z Flip8, while a leaked unboxing video previews the Galaxy S26 FE before its August 27 debut.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
