Legal Filings
Public court filings in active litigation involving Mason Borda and Tokensoft, Inc. — last updated April 11, 2026.
Tokensoft alleges that James Poole — its co-founder and former CTO — secretly sold 700,000 restricted SOFT governance tokens on the Aerodrome decentralized exchange between July and September 2024, in violation of contractual transfer restrictions, federal securities laws, and while in possession of material nonpublic information. Tokensoft alleges the sales crashed the SOFT token price by 82.6%, destroyed investor confidence, cost the company $3.8–5.9 million in business opportunities, and ultimately contributed to Tokensoft's dissolution in July 2025. Claims include breach of contract, promissory estoppel, fraud, tortious interference, and declaratory relief.
Tokensoft and Mason Borda are named defendants in a suit filed by James Poole on September 30, 2024 — 19 days after his final sale of restricted SOFT tokens. Tokensoft denies all claims and is prosecuting counterclaims.
Tokensoft alleges that James Poole used retained access to Tokensoft's proprietary systems — granted for a limited business purpose — to steal trade secrets including source code, development methodology, and deployment infrastructure, which he used to build Renzo Protocol, a competing liquid restaking platform. Poole created Renzo repositories using his Tokensoft company email, coordinated development through Tokensoft's infrastructure (documented by 297 email records), and recruited former Tokensoft employees bound by confidentiality agreements. Renzo raised over $20.2M in venture capital and reached $3.3B in total value locked at peak. Claims are brought under the Defend Trade Secrets Act (18 U.S.C. § 1836).
Plaintiffs allege that Melody Sakhai, a licensed trust and estates attorney, breached her fiduciary duties by exploiting confidential financial information disclosed during an attorney-client consultation with Borda in 2019, and sharing it with her husband Benjamin Sakhai. Plaintiffs allege Benjamin Sakhai and Skytop Ventures used that information to orchestrate a meritless federal lawsuit against Borda and Tokensoft, and that Melody Sakhai directed a coordinated defamation campaign falsely claiming “Tokensoft made over $1 million from Ben’s idea” — contradicted by sworn discovery responses. Plaintiffs further allege that defendants served fourteen indiscriminate third-party subpoenas targeting Borda’s personal contacts and family members for harassment rather than legitimate discovery. Claims include breach of fiduciary duty, defamation per se, and abuse of process.
Frequently Asked Questions
What is Tokensoft v. James Poole?
Tokensoft, Inc. v. James Poole (Case No. 2:25-cv-10588, C.D. Cal.) is a federal lawsuit filed November 4, 2025 alleging that James Poole — Tokensoft's co-founder and former CTO — secretly sold 700,000 restricted SOFT governance tokens in violation of federal securities laws and contractual transfer restrictions. The sales allegedly crashed the SOFT token price by 82.6% and caused $36M+ in damages to Tokensoft and its investors.
What is Tokensoft v. Renzo Labs?
Tokensoft, Inc. v. Renzo Labs, et al. (Case No. 2:26-cv-03583, C.D. Cal.) is a federal Defend Trade Secrets Act lawsuit filed April 3, 2026. Tokensoft alleges James Poole used retained access to Tokensoft's proprietary systems to steal source code and trade secrets used to build Renzo Protocol — a competing liquid restaking platform that raised over $20.2M in venture capital and reached $3.3B in total value locked at peak.
What is Borda v. Melody Sakhai, Benjamin Sakhai, and Skytop Ventures?
Borda & Tokensoft, Inc. v. Melody Sakhai (also known as Melody Hobebsion), Benjamin Sakhai (also known as Ben Sakhai), and Skytop Ventures LLC (Case No. 26STCV0799, Los Angeles Superior Court) was filed April 1, 2026. Plaintiffs allege Melody Sakhai, a licensed trust and estates attorney, exploited confidential information disclosed during a 2019 attorney-client consultation to assist in orchestrating litigation against Borda and Tokensoft, and directed a coordinated defamation campaign. Claims include breach of fiduciary duty, defamation per se, and abuse of process.
Who is Benjamin Sakhai (Ben Sakhai)?
Benjamin Sakhai, also known as Ben Sakhai, is named as a defendant in Borda & Tokensoft, Inc. v. Melody Sakhai et al. (Case No. 26STCV0799, L.A. Superior Court). Plaintiffs allege he and Skytop Ventures LLC used confidential information to initiate litigation against Borda and Tokensoft. All allegations are unproven claims; Benjamin Sakhai is presumed innocent.
Who is Melody Sakhai (Melody Hobebsion)?
Melody Sakhai, also known as Melody Hobebsion, is named as a defendant in Borda & Tokensoft, Inc. v. Melody Sakhai et al. (Case No. 26STCV0799, L.A. Superior Court). She is identified in court filings as a licensed trust and estates attorney. Plaintiffs allege she breached attorney-client fiduciary duties and directed a defamation campaign. All allegations are unproven claims; Melody Sakhai is presumed innocent.
Where can I access the original court documents?
All documents on this page are stamped public court filings available through PACER at pacer.gov. Federal cases: search dockets 2:25-cv-10588 and 2:26-cv-03583 in the Central District of California. State case: search 26STCV0799 in Los Angeles Superior Court.
Who is Mason Borda?
Mason Borda is a blockchain engineer and entrepreneur who founded Tokensoft in 2017 — the compliance infrastructure behind over $1B in token offerings, including the $242M Tezos raise, the $132M Hedera Hashgraph raise, the $42M Avalanche public sale, and the first SEC-registered security token IPO in history ($85M INX on Ethereum). He is the inventor of ERC-1404, the token standard for SEC-compliant digital securities.