Ex-directors allege fraud at Tether-backed crypto group Northern Data

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Ex-directors allege fraud at Tether-backed crypto group Northern Data
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Sacked ‘whistleblowers’ launch California court action against Europe’s biggest bitcoin-miner-turned-AI-datacentre-builder

Two former executives of Northern Data, a German-listed crypto and AI infrastructure company backed by Tether, say they were sacked after raising concerns about alleged fraud they claim was being perpetrated by its chief executive and chief operating officer.

” It was around this time that Aroosh Thillainathan, Northern Data’s co-founder and CEO, stopped responding to Potter’s communications, they allege: Gulsen Kama was appointed Northern Data’s North America chief financial officer in July 2022 and was promoted to group deputy chief financial officer around two months later. The complaint continues: According to the plaintiffs, Kama handled meetings with KPMG, Northern Data’s auditor for its 2020 and 2021 financials.

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