Bitquery co-founder accused of embezzling $5 million from the company and deleting evidence before his departure.
1 hours ago
According to the New York Post, a blockchain entrepreneur is accused of embezzling over $5 million from his own company and deleting 194 expense records before abruptly resigning. Dionysios "Dean" Karakitsos, 57, is charged with siphoning funds from Bitquery Inc., a firm that tracks cryptocurrency values and fund flows. The related lawsuit has been filed in Manhattan Supreme Court. Karakitsos was Bitquery’s co-founder, serving as its CEO, director, and treasurer until 2025. He is accused of diverting the company’s funds to his personal accounts over multiple years. Karakitsos later operated Assymetrix, a prediction market platform. Bitquery filed the lawsuit in June, seeking the return of at least $5 million in allegedly stolen funds. The company added that it is pursuing additional compensation to cover its legal costs.
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