{"id":9476,"date":"2026-08-21T22:09:26","date_gmt":"2026-08-21T19:09:26","guid":{"rendered":"https:\/\/handoli.com\/index.php\/2026\/08\/21\/uae-detentions-revive-question-about-binance-bank-accounts\/"},"modified":"2026-08-21T22:09:26","modified_gmt":"2026-08-21T19:09:26","slug":"uae-detentions-revive-question-about-binance-bank-accounts","status":"publish","type":"post","link":"https:\/\/handoli.com\/index.php\/2026\/08\/21\/uae-detentions-revive-question-about-binance-bank-accounts\/","title":{"rendered":"UAE detentions revive question about Binance bank accounts"},"content":{"rendered":"
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The recent police detention of Binance employees in the United Arab Emirates (UAE) <\/em>bears a resemblance to a 2023 incident when US regulators probed Binance after a close associate of then-CEO Changpeng Zhao (\u2018CZ\u2019) personally<\/a> controlled corporate bank accounts and customer funds. <\/p>\n

According to the New York Times<\/em>, UAE law enforcement detained<\/a> Binance employees at airports this summer and held one overnight in a Sharjah police station. Police found their names on a corporate bank account that Binance used to process customer deposits and withdrawals.<\/p>\n

Binance Dubai launched<\/a> direct fiat (AED) deposits and withdrawals on June 2, 2026.\u00a0The exchange\u2019s own support documentation shows<\/a> deposits moving by ADCB bank transfer into Binance FZE via virtual IBANs.\u00a0<\/strong><\/p>\n

Certainly, any consequence of this year\u2019s incident differs by orders of magnitude relative to three years ago.<\/p>\n

In 2023, Binance ended up paying a $4.3 billion settlement over US anti-money laundering and sanctions allegations, whereas this month\u2019s incident has so far cost Binance workers only two airport detentions and one night in police custody.<\/p>\n

Indeed, Binance has emphatically stated that these employees were \u201cpromptly cleared and released\u201d this month after \u201cinquiries relating to third-party fund flows.\u201d The exchange claims that other matters were the subject of \u201croutine\u201d questions, saying these employees were \u201cnever the targets or subjects of these inquiries.\u201d<\/p>\n

\n
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Binance controlled its US arm\u2019s bank accounts for two years: Reuters<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Read more: Binance commingled funds at Silvergate<\/a>:<\/a> Reuters<\/a><\/em><\/p>\n

Binance repeat performance, or separate UAE incident?<\/h2>\n

In 2023, Reuters<\/em> reported that Guangying \u2018Heina\u2019 Chen controlled five Silvergate accounts for the supposedly independent Binance.US in prior years. According to Reuters,<\/em> Binance.US asked<\/a> Chen\u2019s team to process payments and even cover a few payroll disbursements.<\/p>\n

Binance.US insisted it ran its own accounts. The US Securities and Exchange Commission disagreed<\/a>.<\/p>\n

Binance holds<\/a> a full Virtual Asset Service Provider regulatory licence from Dubai\u2019s VARA, issued in April 2024.\u00a0<\/p>\n

In December, the Abu Dhabi Global Market\u2019s Financial Services Regulatory Authority also granted<\/a> Binance.com full authorization in their emirate. That authorization took effect January 5, 2026.\u00a0<\/p>\n

Police detention of Binance employees this month in the UAE involve a similarity with conduct in 2023, although no UAE regulator has publicly accused the exchange of misconduct in relation to this month\u2019s detentions.<\/p>\n

In early 2025, Abu Dhabi state-backed MGX invested<\/a> $2 billion into Binance via USD1, a stablecoin of Donald Trump family\u2019s World Liberty Financial. A few months later, Trump pardoned<\/a> Binance\u2019s CZ in October 2025.<\/p>\n

Got a tip? Send us an email securely via\u00a0Protos Leaks<\/em><\/a>. For more informed news and investigations, follow us on\u00a0X<\/a>,\u00a0Bluesky<\/em><\/a>, and\u00a0Google News<\/em><\/a>, or subscribe to our\u00a0YouTube<\/em><\/a>\u00a0channel.<\/em><\/p>\n

The post UAE detentions revive question about Binance bank accounts<\/a> appeared first on Protos<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The recent police detention of Binance employees in the United Arab Emirates (UAE) bears a resemblance to a 2023 incident when US regulators probed Binance after a close associate of then-CEO Changpeng Zhao (\u2018CZ\u2019) personally controlled corporate bank accounts and customer funds. According to the New York Times, UAE law enforcement detained Binance employees at […]<\/p>\n","protected":false},"author":1,"featured_media":9477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[147],"tags":[],"class_list":["post-9476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"_links":{"self":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/comments?post=9476"}],"version-history":[{"count":0,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media\/9477"}],"wp:attachment":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media?parent=9476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/categories?post=9476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/tags?post=9476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}