Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.
Pennsylvania blockchain forensics firm CipherBlade claims that a group of employees executed a “hostile takeover,” in a lawsuit filed in Alaska.This is the second attempt at suing the company’s new leadership; a previous filing was withdrawn from a New York court.
Paul Sibenik, former senior investigator at CipherBlade, and Sanders’ pick to run the Pennsylvania firm after the alleged takeover, said the lawsuit’s goal is to warn old and potential clients that the new CipherBlade does not represent the values of the company Sanders built – and that all but one of its original senior investigators have left the company.
Meanwhile, the defendants of the New York lawsuit, including Manuel Kriz and Michael Krause – whom CipherBlade Pennsylvania claimed were among the architects of the takeover – denied all allegations against them through their lawyers.
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