Monobank Co-Founder Faces Legal Demand: Public Apology and Compensation Sought by Client’s Lawyers.

Legal Dispute Involving Oleh Horokhovskyi

According to TSN.ua: A legal conflict has emerged around Monobank co-founder Oleh Horokhovskyi after he posted a photo of 19-year-old client Karina Kolb. The law firm Addati Group, representing the young woman, has issued several demands, including:

• a public apology;
• retraction of the information;
• financial compensation;
• unblocking of her bank account.

The incident occurred during a video verification process, sparking outrage from both the client and her legal team. This case highlights growing scrutiny over how financial institutions handle customer privacy during digital onboarding.

Response from Lawyers and Ukraine’s National Bank

Attorneys at Addati Group have stated that if pre-trial resolution fails and the communication style they have observed continues, they reserve the right to take the matter to court and other legal institutions to protect Karina Kolb’s rights. This underscores the seriousness of the situation and the legal team’s readiness to take active measures in defending their client’s interests.

Ukraine’s National Bank has also responded to the incident, launching an investigation into Oleh Horokhovskyi’s actions. This highlights the gravity of the case and its potential impact on the reputation of both the individual and the bank. The lawyers’ demands—public apology, information retraction, financial compensation, and account unblocking—reflect the severity and tension of the ongoing conflict.

This dispute could have far-reaching consequences for both Horokhovskyi and Monobank, as reputational risks may erode customer trust in the financial institution. The National Bank’s involvement signals that the matter is being taken seriously, and any legal outcomes could set a precedent for other financial institutions regarding consumer protection rights.