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Ex-Binance employee sues UK exchange, alleging bribery: Report

Amrita Srivastava, who worked at Binance from 2022 to 2023, alleged reporting a bribe at the crypto exchange resulted in her dismissal.

A former senior employee at Binance has reportedly filed a lawsuit against the cryptocurrency exchange’s United Kingdom arm, making allegations including bribery and unfair dismissal.

According to a Nov. 28 Bloomberg report, former Binance employee Amrita Srivastava sued the crypto exchange in the UK, claiming that another worker solicited bribes from a customer. She alleged that she was unfairly dismissed from her position a month after bringing the matter to management’s attention in April 2023. 

Srivastava alleged that the unnamed Binance employee accepted the bribe “under the guise of providing consultative services.” An exchange spokesperson reportedly said the alleged bribe “was already known,” and Srivastava’s employment was terminated for “poor performance” at the firm.

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Man Faces Life Sentence After China Accuses Him of Running Secret Crypto Mining Activities, Bribery: Report

Man Faces Life Sentence After China Accuses Him of Running Secret Crypto Mining Activities, Bribery: Report

A Chinese man will reportedly spend the rest of his life in prison after being caught hiding illicit crypto mining activities and accepting bribes. According to a new report by the South China Morning Post, former senior provincial official Xiao Yi has been handed a life sentence for providing support for local crypto mining businesses. […]

The post Man Faces Life Sentence After China Accuses Him of Running Secret Crypto Mining Activities, Bribery: Report appeared first on The Daily Hodl.

Trump Delivers Speech at Washington Crypto Policy Summit

FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs

FTX Debtors Demand Return of Funds Given to US Politicians and Super PACsFTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28, 2023. Some bureaucrats, such as Democratic Senators Joe Manchin and Tina Smith, have already pledged the funds […]

Trump Delivers Speech at Washington Crypto Policy Summit