Bank employee gets fired for playing crypto games

[mirakal]

Temptation—that’s the main concern of management, especially with all the reports of theft involving current employees caught up in gambling. Management likely just wants to prevent it from escalating rather than regret it later. There might already be reports about this individual, and it’s possible their performance is being affected. Gambling addiction can affect everyone both mentally and physically, and it is maybe that guy already showing something and reaching to the point where termination might be necessary.

Honestly, I don’t think it’s a harsh decision. Keeping them on could risk the company’s reputation, no matter how good they are at work. If I were the owner, I’d prioritize what’s best for the company over protecting someone who might jeopardize its future.

There are instances that it isnt related to gambling on where employees that do work into those firms or companies which does involved huge amount of money on which they do have those kind of tendency that they would really be that tempted on stealing or using up funds on which arent their or into the company itself. This is why on the moment that they have seen up some potential problems that might arise then
they would really be trying out to cut it mid way and this isnt something shocking for them to make up such decision. Yes, it might that sound conclusive or harsh specially if there would be no warnings but actually they are really just that trying out to protect the business yet any use of some funds will always that affect them out. So its better to get rid of it while its still early.

In employees POV then it will really be that something shocking that you will really be getting fired just because you've been dealing up with gambling. Yes, its really that too much in terms of decisions be made
but there's nothing we can do if they will really be having that kind of decision, this is why its really important that you will really be that secretive at least into the things that you are dealing into
because you dont know on what would happen specially into your work related into the activities that you are that involved into.

This is to acknowledge that company rules are strictly enforced, with no exceptions for anyone. And honestly, I believe this is the best course of action. If I were in the employee’s shoes, I’d accept the consequences—at least the company would have valid reasons for their decision.

Gambling can give us moments of enjoyment, but it can also be the very thing that ruins our lives and reputation. Perhaps if there hadn’t been any negative reports about gambling involvement, issues like this wouldn’t even exist. However, it’s already been proven, and the company is simply taking steps to prevent potential problems in the future.

[Jewan420]

For gambling, big financial institutions will never allow you to gamble because they handle money and their main means of business is money. So if a bank officer is addicted to gambling, he will not be able to do the bank accounts and all the work there properly, he will always be inattentive to work, his mind will be on gambling. No matter what the man says here, he is addicted to gambling, he had to lose his job because of his gambling addiction, if he had not been addicted to gambling, he would have got a verdict in his favor in the court.

So even if his gambling had not involved crypto, he would still have been fired because the bank never allows any employee to gamble and their constitution may not allow it. However, he should have been gambling secretly at home for entertainment.

Gambling is prohibited in financial institutions due to the possibility of harm to the bank and other bank employees by gambling addicts or gambling employees. In South Korea, gambling is not only prohibited in one institution, but gambling is strictly prohibited for the entire country. Even though you are a South Korean bank employee, by engaging in gambling, you are not only violating the laws of the institution, but you are also violating the laws of the state. Gambling is prohibited in many countries of the world and there are strict penalties for gambling. In this case, I do not see anything special about a verdict against a bank employee in South Korea.

It does not matter what kind of currency he uses to gamble, he is a 'gambler', that is enough to rule against him and I think it is right. If he was not involved in gambling, the court would not have ruled against him or it would have been unfair to him if it had been ruled against him.

[bakasabo]

Gambling is prohibited in financial institutions due to the possibility of harm to the bank and other bank employees by gambling addicts or gambling employees. In South Korea, gambling is not only prohibited in one institution, but gambling is strictly prohibited for the entire country. Even though you are a South Korean bank employee, by engaging in gambling, you are not only violating the laws of the institution, but you are also violating the laws of the state. Gambling is prohibited in many countries of the world and there are strict penalties for gambling. In this case, I do not see anything special about a verdict against a bank employee in South Korea.

It does not matter what kind of currency he uses to gamble, he is a 'gambler', that is enough to rule against him and I think it is right. If he was not involved in gambling, the court would not have ruled against him or it would have been unfair to him if it had been ruled against him.

You sound like being a gambler or gambling in South Korea is a sentence to be jobless and cast away. And you are not fully true about gambling restriction is South Korea. Expats and tourists can gamble legally in any casino.

I still think that is unfair to fire a person because he has gambled at work. Employer must evaluate his performance at work, but not his hobby and how he spends his time. If he fails to do his work, after a warning he can be fired. If he does his work perfectly, and for example gambled on his mobile during lunch, then bank has no right to fire him.

[Fivestar4everMVP]

Gambling is prohibited in financial institutions due to the possibility of harm to the bank and other bank employees by gambling addicts or gambling employees. In South Korea, gambling is not only prohibited in one institution, but gambling is strictly prohibited for the entire country. Even though you are a South Korean bank employee, by engaging in gambling, you are not only violating the laws of the institution, but you are also violating the laws of the state. Gambling is prohibited in many countries of the world and there are strict penalties for gambling. In this case, I do not see anything special about a verdict against a bank employee in South Korea.

It does not matter what kind of currency he uses to gamble, he is a 'gambler', that is enough to rule against him and I think it is right. If he was not involved in gambling, the court would not have ruled against him or it would have been unfair to him if it had been ruled against him.

You sound like being a gambler or gambling in South Korea is a sentence to be jobless and cast away. And you are not fully true about gambling restriction is South Korea. Expats and tourists can gamble legally in any casino.

I still think that is unfair to fire a person because he has gambled at work. Employer must evaluate his performance at work, but not his hobby and how he spends his time. If he fails to do his work, after a warning he can be fired. If he does his work perfectly, and for example gambled on his mobile during lunch, then bank has no right to fire him.

You are absolutely right and I completely agree with you, but then on the other hand, it all depends on the terms and conditions writing on his employment letter and contract.

Some companies outrightly spell it out to you that they don't want to see you doing specific things in and around your work environment, "in and around" simply means that not even when it's your lunch time or break time should you be found doing that which you are told is restricted in and around work environment, and once you are caught doing that, it doesn't matter how good your performance is physically or on sheets, you will be outrightly sacked and there no two ways about it.

If this is the case here, then it's completely the fault of the employee that he is sacked, there is nothing to blame the employer for or wish they had checked before sacking him, rules are rules and when rules are not being enforced, people will keep taking it for granted and keep breaking it.

[GigaBit]

If crypto wasn't involved, do you think this employee would have gotten fired?

Except the bank has a laid down policy against using crypto or gambling with it, I think that it's unfair to fire the worker because he gambled with crypto. Perhaps there's more to the story but if it's just him gambling with crypto, especially not doing so during work hours, then there must be something wrong somewhere. Perhaps the bank prohibits their employees from engaging in gambling, not specifically crypto gambling alone, then it'll make some sense. There's no competition between cryptocurrency and fiat currencies so normally the issue of bankers holding or spending cryptocurrency shouldn't be an issue.

Firing someone is not the proper solution especially in this regard and without giving a direct notice is not advisable in any way. The bank employer may have done the thing he did by gambling during office hours, for which he could have been punished. But I think no one will agree to dismiss him from his job. But yes, if the bank has its own policy which is informed to that employee in advance, then there will not be much difficulty in dismissing him. But the real story may have changed differently which we do not know. I am sure that the banker was not punished for gambling, rather he was spending time on personal work during office hours, for which he will be punished. And since banking sites are a very important platform, employees should definitely work there with caution, otherwise the organization may face losses. He is guilty of wasting bank time, but there is no justification for convicting him for gambling or crypto gambling.

[LDL]

In South Korea, A bank employee was found to be playing online games that use crypto as its in game currency. The bank claimed that the employee is a habitual gambler and fired him from his job. The ex-employee naturally raised his concern to HR as he thinks it is unfair dismissal but the HR rejected his appeal which led him to file a lawsuit. In the end, even the court sided with the bank. Even though the ex-employee claims that he never played during work hours and that his habits did not interfere with his work quality, the court rules it to be undignified to be gambling with crypto.

If crypto wasn't involved, do you think this employee would have gotten fired?

According to my personal opinion, I would say that the bank employee should have been charged by the authorities as he is a respectable bank official and it is not right for him to participate in such gambling. If the bank official is involved in crypto currency gambling then he should definitely be charged for violating the bank's policy. If the bank does not approve the transaction in the crypto currency, it is more reasonable to take the side of the court bank in the hearing in the case filed by the authorities. Since the transaction is not valid, the bank employee cannot participate in the game currency in gambling under any circumstances.

[STT]

It was an unfair condition but one he agreed to as part of working in banking and its not even that abnormal to suffer harder conditions when in this kind of industry.  If you go into some jobs I'd agree they have great requirements that can even effect you outside of work hours, I wont argue its fair or even well compensated because thats not always true but the people working under that requirement did agree to follow the instructions for the good of the company.

   He took a risk not being found out basically, I cant sympathize too much that he was unlucky on this occasion.  I wouldnt say he broke any real law though, I think thats going too far just his contract.

[Viscore]

It was an unfair condition but one he agreed to as part of working in banking and its not even that abnormal to suffer harder conditions when in this kind of industry.  If you go into some jobs I'd agree they have great requirements that can even effect you outside of work hours, I wont argue its fair or even well compensated because thats not always true but the people working under that requirement did agree to follow the instructions for the good of the company.

   He took a risk not being found out basically, I cant sympathize too much that he was unlucky on this occasion.  I wouldnt say he broke any real law though, I think thats going too far just his contract.

Yes, without exception. Rules are rules, and that employees should comply to that. If the company sees you irresponsible of your position because you break the rules that the company has set for all its employees, then sorry to tell, you will be fired even without prior notice. It’s better to accept that, rather than fighting the case and still get charged in the end.

[bakasabo]

Gambling is prohibited in financial institutions due to the possibility of harm to the bank and other bank employees by gambling addicts or gambling employees. In South Korea, gambling is not only prohibited in one institution, but gambling is strictly prohibited for the entire country. Even though you are a South Korean bank employee, by engaging in gambling, you are not only violating the laws of the institution, but you are also violating the laws of the state. Gambling is prohibited in many countries of the world and there are strict penalties for gambling. In this case, I do not see anything special about a verdict against a bank employee in South Korea.

It does not matter what kind of currency he uses to gamble, he is a 'gambler', that is enough to rule against him and I think it is right. If he was not involved in gambling, the court would not have ruled against him or it would have been unfair to him if it had been ruled against him.

You sound like being a gambler or gambling in South Korea is a sentence to be jobless and cast away. And you are not fully true about gambling restriction is South Korea. Expats and tourists can gamble legally in any casino.

I still think that is unfair to fire a person because he has gambled at work. Employer must evaluate his performance at work, but not his hobby and how he spends his time. If he fails to do his work, after a warning he can be fired. If he does his work perfectly, and for example gambled on his mobile during lunch, then bank has no right to fire him.

You are absolutely right and I completely agree with you, but then on the other hand, it all depends on the terms and conditions writing on his employment letter and contract.

Some companies outrightly spell it out to you that they don't want to see you doing specific things in and around your work environment, "in and around" simply means that not even when it's your lunch time or break time should you be found doing that which you are told is restricted in and around work environment, and once you are caught doing that, it doesn't matter how good your performance is physically or on sheets, you will be outrightly sacked and there no two ways about it.

If this is the case here, then it's completely the fault of the employee that he is sacked, there is nothing to blame the employer for or wish they had checked before sacking him, rules are rules and when rules are not being enforced, people will keep taking it for granted and keep breaking it.

If I was an employer, I would only fire employee for 3 reasons:

1) his actions causes company lose money;
2) his actions causes reputational damage to company;
3) he isnt doing his tasks that are written in his contract (but as an employer, it will be my duty to provide him with tasks. Fire him because he isnt doing anything when there is nothing to do isnt the best reason);

If employee does not violate those things, he can do at work anything reasonable he wants. Play video games, gamble, go to work in swimming costume, anything. I would care only for my tasks to be done in time. How he would do it, that would be none of my business. If he is able to do all his job perfectly in 1h and rest 7h watch YouTube, then be my guest.

[delfastTions]

It was an unfair condition but one he agreed to as part of working in banking and its not even that abnormal to suffer harder conditions when in this kind of industry.  If you go into some jobs I'd agree they have great requirements that can even effect you outside of work hours, I wont argue its fair or even well compensated because thats not always true but the people working under that requirement did agree to follow the instructions for the good of the company.

   He took a risk not being found out basically, I cant sympathize too much that he was unlucky on this occasion.  I wouldnt say he broke any real law though, I think thats going too far just his contract.

Yes, without exception. Rules are rules, and that employees should comply to that. If the company sees you irresponsible of your position because you break the rules that the company has set for all its employees, then sorry to tell, you will be fired even without prior notice. It’s better to accept that, rather than fighting the case and still get charged in the end.

Moreover, the chances of suing for illegal dismissal in this particular case are quite difficult.
If the employer has documents, a contract or an addendum to the contract signed by the plaintiff, the dismissed employee, in which restrictions are written down even in a slightly vague form without an explicit mention of gambling, then all efforts of the dismissed employee to reinstate him in the position will probably be in vain.
And it will certainly not be possible to oblige the employer to reinstate him in the position.

[Jaycoinz]

In this case. We can't do conclude that crypto was the full cause of him being fired... Though we know how banks are not buying the idea of cryptocurrency as it's more like a rival to them.. but then the employee was already becoming an addict.. he claims that he didn't gamble or let his gambling interfere with his work, how then were they able to find out that he plays on a casino? These things most times can be personal if we do keep them hidden.. he could have dropped his gambling habits at home and after work he can continue instead of creating more problems for himself...

You are right this had nothing to do with crypto he got fired because he was being irresponsible. A bank is a cordial firm or organization where everyone is supposed to do their jobs without indulging any form of distractions especially during work hours. To make this even worse he decided to gamble, this proves that he is incompetent and not disciplined enough for the job. He was caught gambling on duty by his employer, who knows what he would do next time if he wasn't fired. Sometimes taking tough decisions like that are for the greater good.

[stomachgrowls]

Gambling is prohibited in financial institutions due to the possibility of harm to the bank and other bank employees by gambling addicts or gambling employees. In South Korea, gambling is not only prohibited in one institution, but gambling is strictly prohibited for the entire country. Even though you are a South Korean bank employee, by engaging in gambling, you are not only violating the laws of the institution, but you are also violating the laws of the state. Gambling is prohibited in many countries of the world and there are strict penalties for gambling. In this case, I do not see anything special about a verdict against a bank employee in South Korea.

It does not matter what kind of currency he uses to gamble, he is a 'gambler', that is enough to rule against him and I think it is right. If he was not involved in gambling, the court would not have ruled against him or it would have been unfair to him if it had been ruled against him.

You sound like being a gambler or gambling in South Korea is a sentence to be jobless and cast away. And you are not fully true about gambling restriction is South Korea. Expats and tourists can gamble legally in any casino.

I still think that is unfair to fire a person because he has gambled at work. Employer must evaluate his performance at work, but not his hobby and how he spends his time. If he fails to do his work, after a warning he can be fired. If he does his work perfectly, and for example gambled on his mobile during lunch, then bank has no right to fire him.

You are absolutely right and I completely agree with you, but then on the other hand, it all depends on the terms and conditions writing on his employment letter and contract.

Some companies outrightly spell it out to you that they don't want to see you doing specific things in and around your work environment, "in and around" simply means that not even when it's your lunch time or break time should you be found doing that which you are told is restricted in and around work environment, and once you are caught doing that, it doesn't matter how good your performance is physically or on sheets, you will be outrightly sacked and there no two ways about it.

If this is the case here, then it's completely the fault of the employee that he is sacked, there is nothing to blame the employer for or wish they had checked before sacking him, rules are rules and when rules are not being enforced, people will keep taking it for granted and keep breaking it.

True, there might those kind of possibilities that it was really that included on the contract on which you have that able to sign it up and eventually be able to have those breach or violations basing up into the actions that you are really that currently dealing on with. We dont actually know those probabilities but it could really be that indeed happen. When it comes on being employee of a bank then it will really be that understandable that they will really be that strict when i comes into this aspect. This is why as a worker  then as much as possible on trying out to avoid these potential problems then you should do it.
They will reall be that sensitive whatever things that will really be getting involved into to those people who are inside the business or organization.

Business owners or institutions will really be that always give out priority on what are the things that could benefit out to them, and they will really be trying to get rid into those things that could potentially affect them ahead or later on. As being an employee on which you cant really be able to stop that gambling urge then the best thing you should be doing is to keep up your gambling activity as a secret.If everything is done via online or simply playing on online casinos then detecting you out will really be that hard but if you are dealing up with some physical ones then keeping it as a secret will really be that tough or almost close to impossible that you wont be caught.

[Makus]

This is to acknowledge that company rules are strictly enforced, with no exceptions for anyone. And honestly, I believe this is the best course of action. If I were in the employee’s shoes, I’d accept the consequences—at least the company would have valid reasons for their decision.

Gambling can give us moments of enjoyment, but it can also be the very thing that ruins our lives and reputation. Perhaps if there hadn’t been any negative reports about gambling involvement, issues like this wouldn’t even exist. However, it’s already been proven, and the company is simply taking steps to prevent potential problems in the future.

From my perspective, that is not the entire story and it's possible he must have defaulted some policies but if he hasn't, its not the banks fault to have taken the decision they took. He might have been in his best behavior overtime and gamble responsibly but what the company fears is a time to come when he'll become addicted and eventually steal some money from the bank to fund his addiction. A gambler as an employee in such organizations is actually a threat to them. Its possible he doesn't have any intentions of getting addicted but change is constant and its better to avoid a hazard than overlook it because its not life threatening yet. They took the best decision to have sacked him.

[mdzahed134]

If crypto wasn't involved, do you think this employee would have gotten fired?

yes of course… banks and financial institutions have strict policies against gambling since they handle money, and it’s generally against their rules. Plus, it’s pretty unethical...employees are paid to focus on their job, so work hours should be for company tasks only, no personal activities mixed in. Employees have handbooks for a reason, and if it says that gambling during work hours could lead to termination, then the employee really can’t do anything about it. This guy even took it to court, thinking he could dodge the illegal dismissal, but nope, he still lost. It’s definitely a lesson for everyone.

We actually had a thread here before about gambling at work. A lot of users admitted to it, though I’m not sure if anyone ever got caught.

I don’t know about such laws in banking system, first time i heard it, whatever is it laws only apply in south korea or other many countries?, in workplace such activities is really worst, because normally people’s take gambling as negatively, so we should keep it secret. Since I don't know about the laws of that country, i can't say whether there is such punishment due to gambling in office hours.

[nullama]

~snip~
You are right this had nothing to do with crypto he got fired because he was being irresponsible. A bank is a cordial firm or organization where everyone is supposed to do their jobs without indulging any form of distractions especially during work hours. To make this even worse he decided to gamble, this proves that he is incompetent and not disciplined enough for the job. He was caught gambling on duty by his employer, who knows what he would do next time if he wasn't fired. Sometimes taking tough decisions like that are for the greater good.

In my mind there is a difference if the employee is for example wasting time by browsing social media, news, or whatever, compared to gambling at work.

The person just simply wasting time is one thing, only time is wasted, not a huge deal.

The person gambling, on top of the time, is also a problem because they can potentially be in a situation in which they would desperately need access to money.

I think it is similar to a drug addict, which would be complicated not only for the drugs themselves, but for the lack of money to pay for the addiction...

[delfastTions]

~snip~
You are right this had nothing to do with crypto he got fired because he was being irresponsible. A bank is a cordial firm or organization where everyone is supposed to do their jobs without indulging any form of distractions especially during work hours. To make this even worse he decided to gamble, this proves that he is incompetent and not disciplined enough for the job. He was caught gambling on duty by his employer, who knows what he would do next time if he wasn't fired. Sometimes taking tough decisions like that are for the greater good.

In my mind there is a difference if the employee is for example wasting time by browsing social media, news, or whatever, compared to gambling at work.

The person just simply wasting time is one thing, only time is wasted, not a huge deal.

The person gambling, on top of the time, is also a problem because they can potentially be in a situation in which they would desperately need access to money.

I think it is similar to a drug addict, which would be complicated not only for the drugs themselves, but for the lack of money to pay for the addiction...

However, it is most likely now possible to compare such actions as browsing social networks and viewing information about sports betting or simply gambling on a mobile phone or, for example, trading cryptocurrency that you own. In any case, this distracts the employee from performing his direct job responsibilities. And since working in a bank is, in any case, work in the field of information technology, then distraction by other studies of information content, including, of course, gambling, is a guaranteed distraction from the main work.
Well, of course, when, for example, trading or analyzing information on social networks, this is not the main work of this employee, prescribed and provided for in his contract.

[Smack That Ace]

If crypto wasn't involved, do you think this employee would have gotten fired?

yes of course… banks and financial institutions have strict policies against gambling since they handle money, and it’s generally against their rules. Plus, it’s pretty unethical...employees are paid to focus on their job, so work hours should be for company tasks only, no personal activities mixed in. Employees have handbooks for a reason, and if it says that gambling during work hours could lead to termination, then the employee really can’t do anything about it. This guy even took it to court, thinking he could dodge the illegal dismissal, but nope, he still lost. It’s definitely a lesson for everyone.

We actually had a thread here before about gambling at work. A lot of users admitted to it, though I’m not sure if anyone ever got caught.

I don’t know about such laws in banking system, first time i heard it, whatever is it laws only apply in south korea or other many countries?, in workplace such activities is really worst, because normally people’s take gambling as negatively, so we should keep it secret. Since I don't know about the laws of that country, i can't say whether there is such punishment due to gambling in office hours.

As far as I know, not only does the government not allow gambling, but the people of the land of kimchi also have a very negative view of gambling. So I was not surprised by this news and even thought that this was a pretty light punishment for an employee caught gambling at work. South Korea is a pretty crypto-friendly country but very strict on gambling, so this guy's firing has nothing to do with crypto but gambling.

Not to mention, banking is an extremely sensitive field because it involves people's money, what if he is addicted to gambling and steals the bank's money to gamble? In my opinion, this guy deserves to be fired.

[Pmalek]

I don't think him being fired from the bank has anything to do with him betting with cryptocurrencies. The bank didn't like the fact that he was a gambler, regardless of what currency he was playing with. We have heard stories of gamblers stealing money to gamble. A few years ago, I read about a postman who robbed pensioners to bet their money on sports. This bank employee had access to sensitive information and handled money. They made the decision that they can no longer trust him with having access to their client's money. It's a sad story and unfortunate outcome, but the bank has to protect its interests in situations like that.

[bakasabo]

As far as I know, not only does the government not allow gambling, but the people of the land of kimchi also have a very negative view of gambling. So I was not surprised by this news and even thought that this was a pretty light punishment for an employee caught gambling at work. South Korea is a pretty crypto-friendly country but very strict on gambling, so this guy's firing has nothing to do with crypto but gambling.

Not to mention, banking is an extremely sensitive field because it involves people's money, what if he is addicted to gambling and steals the bank's money to gamble? In my opinion, this guy deserves to be fired.

Wish story would be more full. South Koreans are not allowed to gamble, but foreigners can gamble in South Korea. Imagine how this story would look if fired employee was hired foreigner. I would also wish to know how exactly they found out he was a gambler. If he has used bank PC for gambling, that is inacceptable. If he has used his own mobile, then banks interference in private life in inacceptable.

When I was studying in university and passed practice in bank, was nearly impossible to do anything extraordinary with bank clients money for a regular employee. Higher bank stuff more rights and access, but they doubtfully would steal anything. So I would say that for a regular employee it is zero chance to steal and use money for gambling.

[ethereumhunter]

~snip~
You are right this had nothing to do with crypto he got fired because he was being irresponsible. A bank is a cordial firm or organization where everyone is supposed to do their jobs without indulging any form of distractions especially during work hours. To make this even worse he decided to gamble, this proves that he is incompetent and not disciplined enough for the job. He was caught gambling on duty by his employer, who knows what he would do next time if he wasn't fired. Sometimes taking tough decisions like that are for the greater good.

In my mind there is a difference if the employee is for example wasting time by browsing social media, news, or whatever, compared to gambling at work.

The person just simply wasting time is one thing, only time is wasted, not a huge deal.

The person gambling, on top of the time, is also a problem because they can potentially be in a situation in which they would desperately need access to money.

I think it is similar to a drug addict, which would be complicated not only for the drugs themselves, but for the lack of money to pay for the addiction...

The person gambling can makes themselves in a trouble where they can difficult to solve it and that will be like a circle that will still like that. He need to break that circle by stopping his gambling habit and recovery his minds so he will not doing the same thing if he gets a new job. Gambling can tempting someone easily without he realize so he must be able to control his time and know when he can playing gambling. The best thing that he can use to playing gambling is when he comes back to his home and playing gambling at his room so no one will disturb and know if he is playing gambling. He must avoids from the addiction because that can makes him losses too much money.