US Prosecutors Arrest Blockparty Co-Founder for Wire Fraud

The Blockparty co-founder executed the fraud while he was the CTO between December 2017 and September 2019. The co-founder of Blockparty Rikesh Thapa has been arrested over the theft of more than $1 million in cash, crypto, and utility tokens. The US prosecutors charged Thapa, the company’s chief technology officer between 2017 and 2019, was arrested on 7th December for wire fraud. This news contributes to the ongoing tension in the crypto and NFT markets. There have been uncertainties in the crypto space since the collapse of the crypto exchange…