A former senior executive at Binance has made serious allegations against the company, claiming that she was retaliatorily dismissed after raising concerns about an alleged bribery scheme involving a colleague. Amrita Srivastava, who worked remotely on Binance’s Link platform from London, testified that she was fired after reporting that a colleague had solicited a bribe from a customer for expedited integration services.
The alleged bribery payments were disguised as “consultative services” and were carried out while the colleague in question distanced himself from his formal ties to Binance. The colleague has since left the company, but Srivastava’s claims have brought the issue to light.
Srivastava joined Binance in 2022 after working at Mastercard, where she oversaw fintech coverage for Western Europe. Initially believing in the company’s commitment to compliance, she described a chaotic work culture and mounting pressure to close deals, especially after losing revenue streams related to a client with alleged ties to Iran.
In response to Srivastava’s claims, Binance has stated that her termination was due to poor performance and occurred before she raised concerns about the alleged bribery. The company’s lawyer maintained that the bribery incident was already under internal review before Srivastava’s whistleblowing.
However, Srivastava insists that her dismissal was directly linked to her reporting of the misconduct. Under UK law, whistleblowing awards in employment tribunals are uncapped, potentially leading to significant financial liabilities for Binance if Srivastava’s claims are upheld.
Srivastava has expressed that her experience at Binance has had a severe impact on her career and reputation, which she believes will take years to repair. She stated, “My experience at Binance has been personally damaging to my career, an impact I will continue to have to undo over the next few years.”
This whistleblower claim against Binance sheds light on the company’s internal practices and raises questions about its commitment to compliance and ethical conduct. As the case unfolds, the outcome could have significant implications for Binance’s reputation and financial standing.