By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
    • Event List
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Blockparty CTO charged for stealing cryptocurrency and wire fraud
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
    • Event List
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > Blockparty CTO charged for stealing cryptocurrency and wire fraud
CRYPTOPEDIANews

Blockparty CTO charged for stealing cryptocurrency and wire fraud

news room
Posted news room December 9, 2022 463 Views 2 Min Read
Updated 2022/12/09 at 7:05 PM
Share
NFTStudio24 Blockparty CTO charged for stealing cryptocurrency and wire fraud
SHARE

U.S. prosecutors charge Blockparty’s ex-CTO Rikesh Thapa, also the co-founder, for stealing cryptocurrency and cash worth $1 million from the company. He was arrested on Wednesday and facing an investigation for wire fraud by Manhattan federal court.

Blockparty is a global NFT marketplace where users could buy, sell, and trade NFTs. The platform also offers Web3 tools for creators and builders to mint their creations and earn money. 

However, the company co-founder turns out to be suspected of stealing the company’s funds for personal use. According to the investigation done by prosecutors, Thapa spent over $1 million on travel, nightclubs, clothing, and other expenses.

He had claimed that he was safekeeping Blockparty’s funds but immediately fled the country to escape the probe in 2019. Now, the court has found concrete evidence to charge him with one count of wire fraud. 

The lack of crypto regulations is leading to tons of frauds and Ponzi schemes within the space. Many executives have been guilty of using customer funds for their own financial adventures without the knowledge; FTX being the biggest example. 

With the consistent frauds and scams in Web3, there’s a dire need for a regulatory framework in both the US and worldwide. 

So far, the European Union has passed a bill for crypto legislation that European countries will soon adopt into their existing laws.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Whatsapp Whatsapp
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article NFTStudio24 Opera Crypto x Alteon to introduce a launchpad for NFT creators 2 Opera Crypto x Alteon to introduce a launchpad for NFT creators
Next Article Ethereum Proof of Stake All You Need To Know About ETH 2.0 2 Ethereum Proof of Stake Explained: The Merge
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest Tweet

Tweets by nftstudio24
  • INTERVIEW, NewsJan 13, 2023

    NFTStudio24 Interview with Michael Sofaer from Pylons, Ryan Day from Blockworks, and Nick Vale from ReNFT

    NFTStudio24 held a podcast interview with Michael Sofaer from
    Read More
  • PRESS RELEASESep 22, 2023

    Future Blockchain Summit Announces the 1inch Network as its 2023 Headline Sponsor

    Dubai, 25,Aug,, 2023: Decentralized protocol powerhouse the 1inch Network
    Read More
  • PRESS RELEASESep 21, 2023

    Partnerships Announced at Climate Chain Coalition Press Conference at UNFCCC Conference in Bonn

    Bonn, Germany, June 1, 2023,  The Slovenian Ministry of
    Read More
  • EVENTS, WEB3Sep 20, 2023

    Stablecoin Summit 2023: How Stablecoin Growth Potential in Asia & Beyond Can Empower Emerging Economies

    Stablecoin Summit concludes its first conference in Singapore by
    Read More
  • PRESS RELEASE, WEB3Sep 20, 2023

    Next Block Expo Returns to Berlin – Leading European Blockchain Festival to be Held on December 4-5th, 2023 at CineStar CUBIX, Alexanderplatz.

    Next Block Expo (NBX), the Blockchain Festival of Europe,
    Read More
  • PRESS RELEASESep 20, 2023

    Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

    Dubai, UAE —The Blockchain Economy Dubai Summit is generating
    Read More