On October 5, 2022, the Ontario Superior Court of Justice granted default judgment against Sergei Sachkov in the lawsuit filed by Equibit Group Ltd. and Chris Horlacher.
After being properly served and failing to file a Statement of Defence, the Court entered judgment against Sachkov on the claims set out in the Statement of Claim.
The Default Judgment
Read the Default Judgment here:
Justice Myers sought more clarity on the amount of damages claimed, and on October 19, 2022, he agreed to give us until December 16, 2022, to provide additional evidence in support of that.
Read that endorsement by Justice Myers here:
Context and Significance
Sergei Sachkov served as Equibit’s core protocol developer. His sudden disappearance in mid-2018, along with critical source code, dealt a severe blow to the company at a vulnerable time. The default judgment formally holds him liable for the allegations made against him, including breach of fiduciary duty and related claims arising from his role in the company’s collapse.
Obtaining default judgment is a significant procedural milestone. It demonstrates that even when defendants choose not to participate in the legal process, the Court can still render judgment based on the evidence presented. This outcome adds another layer of formal accountability to the public record.
The Broader Pattern
This judgment fits into the larger timeline of events detailed across this site: regulatory pressure, insider actions, technical sabotage, and institutional resistance. The fact that key individuals implicated in the destruction of Equibit have either evaded service for extended periods or simply failed to defend the claims raises serious questions about transparency and accountability.
For any citizen who expects the justice system to function fairly, the pattern is concerning. When those allegedly involved in harming a Canadian technology company can avoid meaningful participation in the legal process for years, it undermines public confidence in the rule of law.
Moving Forward
The public documentation campaign at equibitlawsuit.com exists to ensure these developments remain transparent and accessible. 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.
