Former Kansas Bank CEO Sentenced to 24 Years for $47 Million Crypto Embezzlement

TLDR Former Kansas bank CEO Shan Hanes was sentenced to over 24 years in prison for embezzling $47 million in a cryptocurrency scam. Hanes made 11 transfers of bank funds to a crypto wallet involved in a “pig butchering” scheme between May and July 2023. The embezzlement led to the collapse of Heartland Tri-State Bank [...] The post Former Kansas Bank CEO Sentenced to 24 Years for $47 Million Crypto Embezzlement appeared first on Blockonomi.