Sharjah stories

Aug 21, 2026

Binance employees detained in UAE over probe into customer funds bank account

Authorities in Dubai and Sharjah detained Binance employees for questioning as part of an investigation into a bank account the cryptocurrency exchange uses to hold customer funds. The incident echoes a similar 2023 probe involving US regulators and associates of former CEO Changpeng Zhao.

Aug 21, 20262 sources

Jul 8, 2026

Wreckage of K2 Airways Boeing 737 cargo plane found in Arabian Sea, five crew members still missing

Pakistani authorities located the wreckage of K2 Airways Flight 1732, a Boeing 737 freighter that disappeared over the Arabian Sea after reporting navigation system problems. All five crew members aboard the aircraft, which was traveling from Sharjah, UAE to Karachi, remain missing as rescue operations continue.

Jul 8, 20266 sources

Top claims

▪Binance Dubai launched direct fiat AED deposits and withdrawals on June 2, 2026, with support documentation showing deposits moving by ADCB bank transfer into Binance FZE via virtual IBANs.
▪United Arab Emirates law enforcement authorities detained the Binance employees at airports after finding their names as signatories on a corporate bank account used to process customer deposits and withdrawals.
▪A Binance spokesperson stated that a small number of employees provided standard statements about third-party fund flows, were never targets of the inquiries, and were promptly cleared and released.

Topics

Crypto enforcement actions Crypto regulation Crypto custody regulation Crypto exchange regulation Middle East Aviation safety

Related entities

United States Dubai United Arab Emirates Karachi Pakistan