[Bitquery Co-Founder Accused of Embezzling $5 Million and Deleting Evidence Before Resignation] BlockBeats News, August 1: 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 his sudden resignation. Dionysios 'Dean' Karakitsos, 57, is accused of siphoning funds from Bitquery Inc., a company that tracks cryptocurrency values and fund flows. The lawsuit has been filed in the Manhattan Supreme Court. Karakitsos, who co-founded the company, served as CEO, director, and financial officer until 2025. He is alleged to have transferred company funds into his personal accounts over several years. Karakitsos later operated a prediction market platform called Assymetrix. Bitquery filed the lawsuit in June, demanding the return of at least $5 million allegedly stolen. The company stated it is seeking additional compensation to cover legal expenses. [Original Link]