New York Kraken Ex-Employee Sues Crypto Exchange Over Failure to Pay $900,000

Kraken has repeatedly said that it has no operations in New York but a lawsuit by an ex-employee has disputed this putting the bitcoin exchange at risk of facing the wrath of financial regulators in the Big Apple. According to Bloomberg, Kraken’s ex-trading desk manager, Jonathan Silverman, is suing the cryptocurrency exchange for over $0.9 million. He is consequently seeking compensation for unpaid commissions and stock options. Kraken hired Silverman two years ago to manage its trading desk. Terms included a $150,000 base salary and a 10 percent commission on annual trading desk profits. After leaving the firm, Kraken allegedly

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