A former senior employee of Binance is suing the company, claiming they fired her for exposing a colleague’s bribery attempt, which they misrepresented as consulting services
Bloomberg reports that a former executive at Binance is suing the cryptocurrency exchange in the UK, claiming they unlawfully fired her for revealing a colleague’s alleged attempt to demand a bribe from a client.
Amrita Srivastava, a senior London-based employee of Binance, testified at an employment tribunal that the company fired her for raising concerns about the bribery event. Amrita Srivastava, a senior London-based employee of Binance, testified at an employment tribunal that the company fired her for raising concerns about the bribery event.
Srivastava claimed that while seeming to be unaffiliated with the business, the colleague stole the funds “under the guise of providing consultative services” to monitor the customer’s integration into Binance. According to the article, the colleague has since departed Binance.
Srivastava is suing Binance Europe Ltd., the company’s European division, for his remote work on the Link platform, which links brokers and customers to the exchange. Bloomberg reports that she reported the bribes to her bosses in April 2023, only to face her firing a month later.
Binance’s attorney responded by claiming that the exchange was already aware of the incident and that Srivastava’s termination was the result of subpar work rather than whistleblowing. The decision to terminate her job due to subpar performance “pre-dated concerns she raised about an issue that was already known and under investigation by our internal audit team,” an exchange spokeswoman told Bloomberg in a statement.
While working at the Link division, Srivastava asserted that Binance put pressure on him to close transactions in order to make up for a revenue shortfall after learning that a client with connections to Iran accounted for a quarter of Link’s service revenue.
In court documents, Binance’s attorney claimed that the company’s executives had escalated the issue after learning of the bribery. Her time at Binance “has been personally damaging to my career, an impact I will continue to have to undo over the next few years,” Srivastava noted in a hearing submission.
