A former employee of the world’s biggest cryptocurrency exchange, Binance, has filed a lawsuit against the company, alleging she was fired after exposing bribery concerns. The former London-based senior employee, Amrita Srivastava, made these claims at an employment tribunal, as reported by Bloomberg on November 28.

She alleges that a co-worker took a bribe under the guise of offering consultative services to expedite a customer’s integration into Binance. Srivastava stated in a filing for the hearing that her experience at Binance has been personally damaging to her career. This news follows reports in May that Binance terminated the investigator who discovered some customers’ involvement in pump-and-dump schemes and wash trading.

The company deemed the evidence against its “VIP” customers insufficient and fired the investigation team’s head a week after receiving the report. The co-worker in question, who has since left Binance, was also allegedly pretending not to work for the company. Srivastava worked remotely at the firm’s Binance link platform, which connects external brokers and customers to the exchange.

In her witness statement, Srivastava said, “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.”

A Binance representative told Decrypt that the company was “aware of the meritless allegations made by Ms.

Srivastava.” The company claims that she was dismissed due to “underperformance” and that the decision to end her employment for poor performance pre-dated concerns she raised about an issue that was already known and under investigation by their internal audit team. In her lawsuit against Binance Europe, Srivastava claims that she informed her managers about the bribery in April 2023 and was fired a month later.

The exchange’s lawyer argues that the company already knew of the incident and decided to let her go due to performance concerns. Srivastava joined the exchange in April 2022 after working at Mastercard as the head of fintech coverage for Western Europe. She claims to have perceived that her colleagues wanted to “fix” Binance and make it compliant.

Instead, she lamented a chaotic work environment where “the pressure was on for deals to be delivered.”

Source

<p>The post Binance Ex-Exec Sues Company for Alleged Firing After Blowing Whistle on Bribery Concerns first appeared on CoinBuzzFeed.</p>