A former Binance executive alleges unfair dismissal after reporting a bribery incident within the organization.
Binance faces scrutiny over claims of prioritizing revenue generation over compliance and ethics.
The Department of Justice is investigating $16 million in crypto linked to bribes authorized by FTX’s former CEO.
A former Binance executive filed a whistleblower claim in the UK, alleging bribery within the company.
Amrita Srivastava, a former senior employee at Binance’s London office, claims she was unlawfully dismissed after reporting bribery to a colleague, according to Bloomberg. These accusations renewed focus on Binance’s practices after it admitted guilt in November 2023 to U.S. anti-money laundering violations and paid a $4.3 billion penalty.
Alleged Bribery Scheme and Internal Mismanagement
Srivastava, who joined Binance in April 2022, detailed her claims during an employment court hearing. She alleges that a colleague accepted bribes disguised as consulting fees in exchange for expediting a customer’s enrollment in Binance’s services.
Adding to this, Srivastava stated that she reported the bribery incident to Binance managers …
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