Only in crypto. Pls don't trust that much, not even ColdCard FUD'ing everyone culture.
The blockchain analytics firm that finds stolen funds for a living just got robbed blind 🤯 Bitquery's entire product is tracking money on-chain Exchanges Compliance teams Analysts They all use Bitquery and if money moves they'll show you exactly where it went Except if it’s in their own backyard 😂 Yesterday they sued their former CEO in New York Supreme Court The allegations: Karakitsos allegedly started siphoning company funds into personal accounts in 2022, right after an $8M raise Over $5M across three years Told investors reserves sat at $5-6M while annual revenue was around $2M Before resigning in October 2025, 194 expense and bill records vanished from QuickBooks Crazy thing is nine months later he still controls admin credentials to the core banking accounts and won’t hand them over Of course he denies everything and it hasn’t gone to trial yet But the hilarious part is that every single alleged move happened in a bank, or a spreadsheet, or in QuickBooks All off-chain where the forensics tools they sell to everyone else can't see a thing We preach blockchain transparency like it's the answer to every trust problem And it probably is But doesn’t mean a thing if the actual books are somewhere else
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