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. He claims to know this because he was given a list of revenue streams.

Runyon says he raised his concerns “multiple times” but was continuously ignored.

“Runyon questioned Ng’s business decisions but for the most part, given Ng’s response, Runyon noted the issue and moved…