According to DLNews, Shan Hanes, former CEO of Heartland Tri-State Bank in Elkhart, Kansas, pleaded guilty to embezzling $47.1 million and causing the bank to collapse. Hanes transferred bank funds to cryptocurrency accounts through 10 wire transfers, leaving multiple victims unable to recover their savings and retirement funds. Hanes will be sentenced on August 8 and faces up to 30 years in prison.