Jonathan SILVERMAN, a former Kraken employee, sues the crypto exchange, claiming that he was left unpaid for his work. The amount of compensation for the claim is more than $900,000. According to Bloomberg, Silverman managed the Kraken institutional sales and trading desk in New York. Supposedly, he made an agreement with CEO Jesse POWELL to be paid a fixed fee of $150,000. Supposedly, there was also an oral agreement according to which Powell agreed to pay him 10% of the desk’s annual profits.
Silverman stated that for three months of 2017, the desk’s profit amounted to more than $19 mln; however he did not receive 10% of commission or any other stock options. Christina VEE, a spokeswoman for Kraken, claims that the plaintiff is “both lying and in breach of his confidentiality agreement.”
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