The post Binance News: Whistleblower Lawsuit Over Alleged Bribe Scheme appeared on BitcoinEthereumNews.com.

In recent Binance news, a former senior executive at Binance has filed a lawsuit against the cryptocurrency exchange, claiming wrongful dismissal. Amrita Srivastava, a London-based former employee, alleges she was fired after raising concerns about a bribery scheme within the company. Srivastava, who worked on Binance’s Link platform, reported a colleague soliciting a bribe from a customer to expedite their platform integration. Binance disputes the claims, maintaining that Srivastava’s dismissal was due to poor performance. However, the case has shed light on Binance’s internal pressures, especially following previous legal and regulatory challenges. – Advertisement – The lawsuit’s outcome could further impact the company’s reputation as it faces ongoing global legal battles. Binance News: Retaliation in Whistleblower Lawsuit Denied In her tribunal, Srivastava described a behavior she repeated in her employment—soliciting a bribe from a customer. The bribe was solicited under the guise that the customer would receive consultancy services to fast-track their integration. However, it was allegedly intended to be paid in the form of a bribe. – Advertisement – Srivastava further stated that her colleague on the banked list also covered for Binance while arranging the bribe. And that she has since left the company. Binance news reported in April 2023, Srivastava reported the bribery incident to her superiors. She says she was fired a month later in retaliation for blowing the whistle. Just days before her firing, she attempted to raise concern for the unethical behavior. She alleges she was told it did not exist. Before the bribery complaint, the company said her termination was not connected to whistleblowing. Rather, it was about poor performance, a reason that reportedly was documented in advance. “Our internal audit team has already escalated, and it is under review,” Binance’s spokesperson said. Legal Troubles Mount for Binance Amid Lawsuit Apart from Srivastava’s…

---

Filed under: News - @ November 30, 2024 2:27 pm