Binance Faces UK Lawsuit Over Bribery Allegations
The post Binance Faces UK Lawsuit Over Bribery Allegations appeared on BitcoinEthereumNews.com.
The cryptocurrency sector has recently been rocked by controversies involving prominent players, raising questions about governance and transparency within the industry. Binance, the world’s largest crypto exchange, faces allegations of bribery and unfair dismissal in a UK lawsuit, while Ethereum layer-2 network Scroll is under fire for its handling of a controversial token airdrop. Former Binance Employee Files Lawsuit Alleging Bribery and Unfair Dismissal A former senior employee of Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly filed a lawsuit against the company’s United Kingdom division. The case brings forward serious allegations of bribery and unfair dismissal, marking yet another legal hurdle for the embattled crypto giant. According to a Bloomberg report published on Nov. 28, Amrita Srivastava, a former Binance employee, filed the lawsuit in a UK court. Srivastava claims that an unnamed colleague at Binance solicited bribes from a customer under the pretext of offering “consultative services.” She reported the incident to Binance’s management in April 2023 but alleges that she was dismissed from her role a month later as a result of her actions. Srivastava expressed her frustration and dismay over the handling of the incident. “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,” Srivastava said, as quoted in the report. Binance has pushed back against the claims. A spokesperson for the exchange stated that the bribery allegations were already known to the company and that Srivastava’s dismissal was due to “poor performance.” However, the timing of the dismissal raises questions, as it occurred shortly after Srivastava brought the matter to…
Filed under: News - @ November 29, 2024 1:24 pm