US-Based Crypto Exchange Kraken Sued by Disgruntled Employee After Being Fired

    The US-based crypto exchange Kraken is getting sued by a former employee who says the company fired him because he questioned the business’s practices.

    The case was filed on November 26 by Nathan Runyon, a veteran from the military who is also disabled. While Runyon wants damages for being harassed, discriminated and unfairly fired, he claimed Kraken doesn’t conduct business properly, which hasn’t been proved until now. He says he has been fired for asking questions while still working for the company.

    Kraken Supposedly Asked Runyon to Pass Inaccurate Audit

    Runyon worked for Kraken as a financial analyst. One of his allegations is that the company asked him to pass an audit based on inaccurate information. More than this, he says Kraken has illegally earned from the companies and nations on the Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List. He has declared that he many times expressed his concerns regarding what’s happening, but no one took his opinions into consideration.

    Runyon Asked to Reconcile Customer and Company’s Bank Balances

    Working under Kaiser Ng, Runyon claims he was also asked to reconcile customer and operations account balances with the company’s balances from the bank, when he discovered the money in the bank accounts was less than should have been, at the level of millions of dollars. He says Ng was informed about the issue because Runyon thought there was embezzlement or a hack, but this got him removed from handling those accounts.

    Kraken Asked to Rent a Room in Runyon’s House

    What’s strange about Runyon’s declarations is that he claims Kraken pressured him to rent to the company a room in his home for the address, yet he never received any money for doing this. He thinks his contract was ended on August 1, 2019, because he discovered Kraken employees were being defrauded over stock options by Ng.

    The blockchain journalist and author David Gerard has written in a blog post that he talked with Claire Cochran, Runyon’s attorney, about the case. Cochran said the plaintiff’s address figured as of Ng’s in the Kraken listing. Kraken didn’t want to make any comment when it comes to “pending legal matters”.

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    Oana Ularu
    Oana Ularu
    Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

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