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Wednesday, 18 December 2019

Whistleblower alleges crypto exchange Kraken violated international sanctions


US cryptocurrency exchange Kraken is being sued by a disgruntled former employee who claims to have been fired unfairly after sharing his concerns about some of the company‘s practices. Nathan Runyon, a former marine, worked as a financial analyst and reported to Kaiser Ng, the exchange‘s chief financial officer. The lawsuit, submitted on November 26, alleges that Runyon came across “numerous questionable business tactics that Ng condoned or was responsible for.” According to the filing, Runyon alleges that Kraken had earned money from sanctioned nations and companies on the Office of Foreign Assets Control’s Specially Designated Nationals And Blocked Persons List.…

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