Former Employee accuses Kraken of Illegal Business Tactics

Nathan Peter Runyon, a former Kraken employee and veteran, has started a lawsuit against his former employer, accusing the exchange of using shady business tactics. A document filed with the court on Nov. 26 alleges that the exchange is involved in several legal violations and falsifications.

Andreas Antonopoulos

Runyon, more specifically, accuses Kraken of defrauding its employees over their stock options, that the exchange violated internal sanctions, used fake addresses for company officers, and discriminated against Runyon as a disabled wartime veteran.

At the moment, there is no official statement of Kraken regarding these accusations. Should these, however, turn out to be true, the exchange may face some serious legal and community problems. Kraken has so far been one of the exchanges with the least controversy and best reputation on the market with a nearly spotless record. The only blot on Kraken’s otherwise pristine vest appeared in Spring 2019 when a Bloomberg report alleged some suspicious Tether trading activity that, according to John Griffin, might be an indicator for wash trading but so far nothing has come off it.

What do you think? Does the lawsuit have any merit, or is it just a disgruntled employee trying to get back at his bosses?


Add a Comment

Your email address will not be published. Required fields are marked *

14 − 9 =