Binance whistleblower lawsuit reveals 'chaotic' work environment
The European arm of crypto exchange Binance faces a lawsuit from a former executive, who claims she was wrongfully terminated after alerting managers to an alleged bribery. Amrita Srivastava worked for Binance’s Link platform until she was dismissed in May 2023 — just one month after raising concerns about bribery in the workplace. According to Bloomberg, Srivastava recently claimed at an employment tribunal that one of her co-workers accepted money to fast-track a customer’s integration “under the guise of providing consultative services.” A “chaotic” work environment pressured staff to make up for a “revenue gap,” Srivastava said at the hearing, after it came to light that a quarter of Binance Link’s revenue came from an Iran-linked customer. In 2022, it was reported that Binance served crypto traders in Iran despite US sanctions and processed almost $8 billion in transactions. Binance deliberately skirted US sanctions to serve Iran users...