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Former Employee Sues Crypto Exchange Kraken Over $900,000 Payment

Apr 7, 2019đź‘ŽBearish

Jonathan Silverman, a former Kraken employee hired in April of 2017, is reportedly suing the cryptocurrency exchange, as it allegedly failed to pay him for work he did.The lawsuit demands compensation of over $900,000.

According to Bloomberg , Silverman managed Kraken's institutional sales and trading desk in New York, and reportedly reached an agreement with the exchange's CEO, Jesse Powell, to be paid $150,000 in salary.

Christina Vee, a spokeswoman for Kraken, was quoted as saying:

Silverman is both lying and in breach of his confidentiality agreement.

The news outlet adds that when Silverman left Kraken, he reached an agreement with the firm that would see him received a $907,000 settlement, which the lawsuit alleged Kraken “refused” to pay out.

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