Binance's Shanghai office has been reportedly shut its doors following a recent police raid, according to an earlier The Block report on Nov 21.
The report also mentioned that "many of the exchange's executives and around "50-100 employees" worked at the office."
CoinNess reached to Binance for a statement. A staff in charge of public relation from Binance revealed and clarified with CoinNess that Binance doesn't have a fixed office in Shanghai or anywhere in China. The executives are flying around the clocks, working remotely with "decentralized groups of staff and offices" around the world. "Therefore it is not possible that police could shut any office."