Binance is the subject of a lawsuit in the United Kingdom regarding allegations of bribery made by an ex-employee

Amrita Srivastava, a former executive of Binance Holdings who is based in London, filed a lawsuit against the cryptocurrency exchange in the United Kingdom on the basis of allegations of bribery.

Srivastava also stated that the cryptocurrency exchange dismissed her from her position after she raised the concerns, which she considers to be unjust treatment.

“I was not ready to turn a blind eye when someone had cheated on a client and was still on the team—there are certain things that are clearly good and wrong, and soliciting bribes and cheating on customers is absolutely wrong,” Srivastava brought out.

Binance’s attorneys responded to Srivastava’s allegations by asserting that the organization had already acquired information regarding the bribery scandal and was conducting an ongoing investigation through its internal audit team. Nevertheless, the exchange also stated that the decision to terminate Srivastava’s employment status was not determined by the bribery report.

The exchange noted that the decision to terminate her employment due to poor performance did not coincide with the concerns she expressed regarding an issue that was already under investigation by our internal audit team.

Binance has encountered significant regulatory pressure in European countries as a result of the implementation of the Markets in Crypto Assets (MiCA) laws. The United States has already imposed a sanction of over $4 billion on the cryptocurrency exchange for their violation of money laundering laws.

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