U.S. authorities have arrested the former chief technology officer and co-founder of Blockparty, a blockchain events startup, for allegedly stealing over $1 million of crypto and fiat from the firm. 

The Department of Justice unsealed wire fraud charges against Rikesh Thapa, alleging that he stole money held on his firm's behalf in a personal bank account — a common set-up, given the difficulties crypto firms face getting access to traditional banking — while also embezzling upwards of 10 BTC from Blockparty's holdings. 

(by Kollen Post)