John Monarch, CEO of Shipchain, Sued for Alleged Bitcoin Cryptocurrency Scheme

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Gorman did not pay the $500,000 in cryptocurrency.   Instead, Gorman hired the services of BlankRome and Kroll, which the lawsuit alleges helped him track down Steinborn and Monarch.

True to the blackmailers words, an all out cyberattack on Gorman’s family, co-workers, clients, and vendors ensued.  The lawsuit alleges that the damages were catastrophic, causing Brand.com to go out of business and caused significant damage to Gorman both personally and professionally.

According to Gorman, the attack went on non-stop for over a week until Gorman’s attorneys were able to send out Cease & Desist letters to both Monarch and Steinborn.  Thereafter the attacks immediately stopped.