Amrita Srivastava, a former executive at Binance, is suing the cryptocurrency behemoth, alleging she was let go for disclosing a bribery scandal in which a coworker reportedly accepted dubious money in order to expedite a customer. Binance disputes this, citing poor performance as the reason for her termination. The case brings Binance’s complex internal strife and compliance problems to light.
So, here’s the tea: Amrita Srivastava, a former senior exec at Binance, just dropped a lawsuit on the crypto giant, saying they kicked her out after she blew the whistle on some seriously shady business.
Amrita worked on Binance’s Link platform and says she caught a colleague pulling a sneaky move—allegedly taking cash disguised as “consulting fees” to fast-track a customer’s onboarding. The kicker is that this dude didn’t even reveal he worked for Binance. She flagged the whole thing to management in April last year, and then boom, she was out of a job a month later.
Binance, also says it’s not what it looks like. Their take here is Amrita getting fired for her “poor performance,” and it had nothing to do with her whistleblowing. According to Binance they already knew all that and stayed silent.
But Amrita isn’t buying it. She joined Binance in 2022, thinking it’d be all about leveling up compliance and doing crypto right. Instead, she says it was chaos central, with everyone focused on chasing revenue, even if it meant sketchy moves like dealing with Iran-linked clients.
“I couldn’t just look the other way when someone straight-up scammed a customer. Asking for bribes? Defrauding clients? That’s not a gray area—it’s just wrong,” Amrita said.
She’s taking her case to a UK tribunal, where whistleblowing payouts are uncapped. Translation: if she wins, Binance could owe her a serious bag.
Meanwhile, this lawsuit comes as Binance is already in hot water for paying $4.3 billion to settle U.S. anti-money laundering violations. Yikes.
The case isn’t just about Amrita; it’s another messy chapter in Binance’s ongoing saga, giving us all a peek behind the curtain at one of crypto’s biggest players.
Read more: Blockchain Startup Partior Secures Deutsche Bank as Strategic Investor
