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Former Kraken Employee Demands To Return 908 Thousand Dollars

12:38 08/04/2019
Kraken Ex-Employee Sues Crypto Exchange Because Of Debt

An ex-employee of one of the first bitcoin trading platforms Kraken initiated a trial because the company management has not paid him the full amount for the work, Bloomberg reports.


Jonathan Silverman filed a lawsuit stating that in April 2017 he took the position of a manager of operations with institutional clients and sales in New York. The contract concluded with Jesse Powel, the head of the platform, establishes that the salary of the specialist should be $150,000 annually. Apart from this, Silverman claims a verbal agreement on the payment of 10% of the sales department's annual income.


The fact is that in only three and a half months in 2017 this department brought the exchange revenues in excess of $19 million, Silverman reported. However, the exchange did not pay him the promised commissions, which, according to his calculations, make up almost $908,000.


At the same time, representatives of Kraken, whose central office is located in San Francisco, vigorously deny these allegations. According to Christina Vee, the exchange's spokeswoman, the claim of the former employee includes false information. Moreover, Silverman violated the terms of the non-disclosure agreement.


In particular, in his lawsuit, Silverman said that the exchange continues to operate within the state of New York, despite the absence of BitLicense.


As previously reported, Kraken introduced a mandatory two-factor authentication procedure for users.

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