Founder of blockchain investigation firm CipherBlade sues new management for forging signatures, stealing company assets

Richard Sanders, founder of blockchain investigation firm CipherBlade, filed an indictment accusing new management of stealing his company’s assets, forging signatures and stealing documents related to business registrations at his home. Richard Sanders said that when he traveled to Ukraine in 2022 to voluntarily participate in an investigation involving cryptocurrency, new management made material false statements to gain access to his accounts and steal business in the form of confidential investigative information, customer leads, customer information, etc. Confidential, also redirected customers to one entity in Alaska and another in Singapore. CipherBlade refuted Sanders' accusations in a LinkedIn post. The company said Sanders was never an owner and said he ceased to be actively involved in CipherBlade's operations throughout 2022 and effectively ceased that involvement entirely when he moved to Ukraine in early 2023 to pursue a personal public welfare mission. It is reported that CipherBlade is designed to help federal government agencies, private companies and individuals investigate financial crimes, focusing on cybercrime. (The Block)