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Alleged Bribery Scheme and Internal Mismanagement
A former Binance executive has claimed that he was unfairly fired after reporting an incident of bribery within the organization.
Binance has come under scrutiny over allegations that it prioritizes revenue generation over compliance and ethics.
The Justice Department is investigating $16 million in cryptocurrency tied to bribes authorized by FTX’s former CEO.
A former Binance executive has filed a whistleblower claim in the UK, alleging bribery within the company.
Amrita Srivastava, a former senior employee at Binance’s London office, alleges she was wrongfully dismissed after reporting a bribe to a colleague, according to Bloomberg. The accusations have reignited focus on Binance’s practices after Binance pleaded guilty to U.S. anti-money laundering violations in November 2023 and paid a $4.3 billion fine.
Alleged Bribery Scheme and Internal Mismanagement
Srivastava, who joined Binance in April 2022, detailed his allegations at a labor tribunal hearing. He alleges that a colleague accepted bribes under the guise of consulting fees in exchange for expediting a client’s sign-up for Binance services.
