The European arm of crypto exchange Binance faces a lawsuit from a former executive, who claims she was wrongfully terminated after alerting managers to an alleged bribery.
Amrita Srivastava worked for Binance’s Link platform until she was dismissed in May 2023 — just one month after raising concerns about bribery in the workplace.
According to Bloomberg, Srivastava recently claimed at an employment tribunal that one of her co-workers accepted money to fast-track a customer’s integration “under the guise of providing consultative services.”
A “chaotic” work environment pressured staff to make up for a “revenue gap,” Srivastava said at the hearing, after it came to light that a quarter of Binance Link’s revenue came from an Iran-linked customer.
In 2022, it was reported that Binance served crypto traders in Iran despite US sanctions and processed almost $8 billion in transactions.
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She claims to have then learned about the bribery through a customer who frequently traveled to the UK, who informed her that he gave money to her colleague.
“I was not prepared to look the other way when someone had defrauded a customer and yet was still a part of the team — some things are just right and wrong, and asking for a bribe and defrauding a customer was not a gray area — it is most definitely wrong,” Srivastava said.
However, Binance maintains that she was fired over “poor performance” that pre-dated the alleged...
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