Bitquery sues co-founder Dionysios Karakitsos for embezzling $5 million

According to The New York Post, Bitquery Inc. has filed a lawsuit in the Manhattan Supreme Court, accusing co-founder Dionysios Karakitsos of misappropriating $5 million of the company's funds and deleting 194 expense records before leaving. Dionysios Karakitsos, who served as CEO, director, and CFO of Bitquery Inc. until 2025, is accused of transferring company funds into personal accounts. Bitquery Inc. demands Dionysios Karakitsos to return at least $5 million and pay legal fees.