Former bank CEO from Kansas, Shan Hanes, has been sentenced to 24 years in prison for his involvement in a $47.1 million crypto scam related to pig butchering. What Happened: Hanes, the former CEO of Heartland Tri-State Bank, was convicted of embezzlement. He diverted the bank’s funds into crypto accounts controlled by scammers, leading to the bank’s collapse, reported NBC News. Hanes was caught up in a pig butchering scam, where he purchased crypto to allegedly unlock returns on his investments, which he never received. See Also: Amid Heated Trump-Harris Battle, Crypto Industry Pours ‘Unprece…
