Bitquery Inc. co-founder Dionysios "Dean" Karakitsos has been accused of diverting more than $5 million from the company into his personal accounts over a period of years, according to a report by the New York Post. The lawsuit, filed in Manhattan Supreme Court, alleges that Karakitsos deleted 194 expense records before abruptly leaving the company. Karakitsos, 57, was a co-founder of Bitquery and served as its CEO, director, and treasurer through 2025, the report said. Bitquery, which tracks cryptocurrency values and fund flows, filed suit in June seeking the return of at least $5 million it says was taken. The company is also seeking additional damages to cover legal costs. The report added that Karakitsos later operated a prediction market platform called Assymetrix.
Dionysios "Dean" Karakitsos, a co-founder of Bitquery Inc., has been accused of misappropriating more than $5 million from the company and deleting 194 expense records before abruptly departing, according to the New York Post.
The lawsuit has been filed in Manhattan Supreme Court. Karakitsos, 57, is accused of draining Bitquery, a company that tracks cryptocurrency values and fund flows.
According to the report, Karakitsos was a co-founder of the company and served as its CEO, director, and treasurer through 2025. He is accused of transferring company funds into his personal accounts over a period of years.
The report also said Karakitsos later operated a prediction market platform called Assymetrix.
Bitquery filed suit in June seeking the return of at least $5 million in allegedly stolen funds. The company said it is also pursuing additional damages to cover legal fees.
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