According to the U.S. Department of Justice website, Rikesh Thapa, chief technology officer (CTO) of a company that uses blockchain and other technologies to provide a ticketing platform for live events, was arrested for illegally embezzling more than $1 million in company funds. During his tenure as the company’s CTO, Rikesh Thapa illegally took possession of $1 million of funds that were temporarily held by him when the company was concerned that banks would not support blockchain company deposits and sought to disperse funds in banks. Rikesh Thapa also used his position to misappropriate at least 10 bitcoins between December 2017 and September 2019. Additionally, Rikesh Thapa sold 174,285 tokens to users interested in buying the company’s utility token by misrepresenting his personal account as a company account.