Former employee Kraken through the court seeks compensation from the exchange of more than $ 900 thousand

Jonathan Silverman, a former employee of one of the oldest Bitcoin exchanges Kraken, sued her, accusing that the platform’s management did not pay him for the work he had done. This writes Bloomberg .

According to the lawsuit filed on April 4, Kraken hired Silverman in April 2017 as manager of institutional sales and trading in New York. In agreement with the main exchange, Jess Powell, Silverman was paid a salary of $ 150,000 per year, but the plaintiff also claims to have a verbal agreement that the exchange will pay him 10% of the annual profit of the trading department.

According to Silverman, for three and a half months in 2017, this area of activity brought Kraken more than $ 19 million, but he never saw the promised commissions of $ 907,631. Representatives of the San Francisco-based exchange are categorically denied the charges.

“He not only lies, but also violated the confidentiality agreement, ” said Kraken spokeswoman Christina Wee.

In April 2018, after the request of the former Attorney General of New York, Eric Schneiderman, demanding disclosure of information about the activities of the largest stock exchanges, Kraken refused to cooperate with the state. Even earlier, in 2015, the exchange announced it would cease operations in the state of New York, refusing to apply for a BitLicense .

In his lawsuit against the exchange, Jonathan Silverman disputes this, arguing in particular that, contrary to all public statements, the activity of the Kraken OTC platform is almost entirely conducted in New York.

"Just because some people in cryptospace do not believe that certain rules apply to them, does not mean that this is the case," said Silverman’s lawyer, David Silver, in a letter to Bloomberg.

Recall that in 2018 the number of requests of various government structures to the Kraken exchange in 2018 increased threefold – from 160 to 475. In particular, requests to clarify certain aspects of the exchange’s work were sent by the Bureau of Investigations of the National Security Agency, the FBI, the Office of drug control, as well as financial regulators in the face of the SEC and CTFC.

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