PANews reported on November 5 that according to Fortune, the FBI successfully recovered $8.3 million embezzled by the former CEO of Kansas Bank, which was stored in a cryptocurrency account in the Cayman Islands. Yesterday in the Kansas federal court, 30 community bank shareholders burst into sobs of relief when they learned that they would get their investment back in full.
Earlier in August, it was reported that Shan Hanes, the former CEO of Heartland Tri-State Bank, a small bank in Kansas, was sentenced to more than 24 years in prison after he fell into a crypto scam and embezzled tens of millions of dollars, causing the bank to go bankrupt.