On December 21, 2022, the Ontario Superior Court of Justice issued a Default Judgment for Damages against Sergei Sachkov in the amount of over $1.7 million.
This judgment follows the earlier default judgment on liability and represents a formal judicial assessment of the financial harm caused by Sachkov’s actions during his time as Equibit’s lead wallet developer.
The Damages Award
Read the Default Judgment for Damages here:
Context and Significance
Sergei Sachkov’s sudden disappearance in mid-2018, accompanied by the loss of critical source code, occurred at a pivotal and vulnerable time for the company. The Court’s award of damages formally quantifies part of the harm resulting from those actions.
Default judgments on both liability and damages are significant procedural victories. They demonstrate that when defendants fail to participate in the legal process after being properly served, the Court can and will render judgment based on the evidence presented by the Plaintiffs.
This outcome adds another enforceable judgment to the public record and further validates the serious nature of the claims made against key individuals involved in Equibit’s collapse.
The Broader Pattern
This damages award fits into the larger timeline documented on this site: regulatory pressure, insider betrayal, technical sabotage, and institutional resistance. The fact that certain individuals implicated in the destruction of a Canadian technology company have chosen not to defend themselves in court continues to raise serious questions about accountability.
For any citizen who expects the justice system to function fairly and impartially, these developments are both encouraging and concerning. Encouraging because the Court is willing to grant relief even against non-participating defendants. Concerning because the full scope of institutional involvement alleged in the case remains vigorously contested by the Government of Canada.
Moving Forward
The public documentation campaign at equibitlawsuit.com exists to ensure these milestones remain transparent and accessible to all. Every judgment, every filing, and every piece of preserved evidence contributes to the permanent record.
The full Factum of Equibit Group — the comprehensive evidentiary synthesis of the entire case — continues to advance and will be released in due course.
The pursuit of accountability continues.
