Former Binance Executive Alleges Retaliatory Dismissal Over Bribery Concerns
Amrita Srivastava, a former senior executive at Binance, has accused the company of retaliatory dismissal after she raised concerns about an alleged bribery scheme involving a colleague. Srivastava, who worked remotely on Binance’s Link platform in London, testified that she was fired after reporting that a colleague solicited a bribe from a customer in exchange for expedited integration services.
Alleged Bribery Scheme
- The payments were disguised as “consultative services”
- The colleague distanced himself from formal ties to Binance
- The colleague in question has since left the company
Srivastava joined Binance in April 2022 and initially believed in the company’s commitment to compliance. However, she described a chaotic work culture and mounting pressure to close deals, especially after losing revenue streams tied to a client with alleged links to Iran.
Binance’s Response
The former executive claims she reported the bribery incident in April 2023 but was terminated a month later for alleged poor performance. Binance’s lawyer stated that Srivastava’s termination was unrelated to her whistleblowing and that the alleged bribery was already under internal review.
Srivastava maintains that her dismissal was directly linked to her decision to report the misconduct. Under UK law, whistleblowing awards in employment tribunals are uncapped, potentially exposing Binance to significant financial liabilities if Srivastava’s claims are upheld.
She alleges that her experience at Binance has severely damaged her career and reputation, which she believes will take years to repair. Srivastava concluded, “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.”
