A former Binance executive has filed a lawsuit alleging wrongful dismissal after reporting bribery within the company.
A ex-Binance executive has filed a lawsuit against the cryptocurrency exchange in the UK, alleging wrongful dismissal after raising concerns about bribery within the organization.
The case provides a rare glimpse into Binance’s internal workings, which have faced mounting regulatory and legal scrutiny in recent years.
According to a Bloomberg report, Amrita Srivastava, a London-based former senior employee, claimed at an employment tribunal that a colleague solicited a bribe from a customer under the guise of providing consultancy services.
The alleged bribe was purportedly intended to expedite the customer’s integration into Binance’s platform.
Srivastava asserted that the colleague concealed his affiliation with Binance while carrying out the act. The colleague has since left the company.
Srivastava, who worked on Binance’s Link platform, which connects external brokers and customers to the exchange, said she reported the bribery incident to managers in April 2023 and alleged she was unfairly dismissed a month later.
Binance, however, disputes these claims.
In a statement, the company asserted that Srivastava’s dismissal was due to poor performance, not her whistleblowing.
Binance’s lawyer said:
“The decision to end her employment for poor performance pre-dated concerns she...
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