FBI Nabs Blockparty CTO Rikesh Thapa for Stealing BTC Worth $1 Million, Defrauding Employer

The FBI introduced on Wednesday that it had arrested 28-year-old Rikesh Thapa for stealing funds, within the type of Bitcoin from his employer. Thapa, who labored at a blockchain agency that was experimenting with cryptocurrencies as a way to diversify its portfolio, had supplied to avoid wasting firm funds in his private account, however later refused to return the cash. US Division of Justice (DoJ) has launched an official assertion after nabbing Thapa from the Southern District of California.

Thapa has been accused of stealing over one million {dollars}, out of which, $162,216 (roughly Rs. 1.33 crore) have been wrapped as 10 Bitcoins. He had been working because the chief technical officer (CTO) at a tech startup named Blockparty.

“As we allege right this moment, the defendant repeatedly stole from and defrauded the sufferer firm – which he cofounded – as a way to fund an expensive private life-style. In an try to cover his crimes, he additionally deleted and falsified data,” FBI Assistant Director in Cost Michael J. Driscoll stated within the DoJ’s official assertion.

The stolen quantity was allegedly utilized by the accused for touring, clubbing, and buying luxurious items, based on the DoJ assertion.

Thapa was in a position to steal BTC as a result of the corporate that he was working for, was experimenting with cryptocurrencies as a way of diversifying its monetary portfolio.

“In August 2018, Thapa diverted a minimum of one of many sufferer firm’s Bitcoin for his personal profit, promoting the Bitcoin for about $6,500 (roughly Rs. 5.35 lakh) and depositing the proceeds into his account,” the assertion famous.

As per the DoJ, Thapa additionally wrongfully acquired the corporate’s personal utility tokens, however complete variety of the tokens stays undisclosed.

Thapa has been charged with one depend of wire fraud, which carries a most sentence of 20 years in jail.

“The defendant is presumed harmless except and till confirmed responsible,” the DoJ added.

The US authorities have reiterated that it’s intently monitoring the crypto house and is taking fast motion to resolve grievances being reported from the members of the group.

Again in June, the FBI had issued a warning for LinkedIn customers from falling prey to crypto scammers out and about for sufferer hunt.

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