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Ex-Binance Exec Sues for Bribery Whistleblowing Retaliation, Seeks Unlimited Payout

Nov 28, 2024, 08:26 PM

Amrita Srivastava, a former senior employee at Binance, has initiated legal action against the UK branch of the cryptocurrency exchange, alleging she was wrongfully dismissed in April 2023 after reporting a bribery incident. Srivastava claims that a colleague solicited a bribe from a customer in exchange for preferential treatment, which was disguised as 'consulting services.' Binance, however, maintains that her termination was due to poor performance. The lawsuit highlights a 'chaotic' work environment at Binance and suggests that the dismissal was retaliatory. UK tribunal rules allow for unlimited payouts in whistleblower cases, adding weight to Srivastava's claims.