Former employee sued Kraken for unpaid wages and demanded compensation of over $900,000

Jonathan Silverman, a former Kraken exchange employee, is suing the exchange, and Silverman said that Kraken failed to pay for his work, claiming compensation in excess of $900,000. According to Bloomberg, Jonathan Silverman worked for Kraken's institutional sales and trading division in New York. It reached an agreement with Kraken CEO Jesse Powell to receive a $150,000 salary, and they also agreed on a verbal agreement, and Jesse Powell agreed to pay Jonathan Silverman 10% of the department's annual profit. But Silverman said the transaction had a profit of more than $19 million in the three months of 2017, but he did not receive a 10% commission and did not receive any promised additional stock options.