Odaily Planet Daily News: The FBI has successfully recovered $8.3 million embezzled by the former CEO of a Kansas bank, which was deposited in a cryptocurrency account in the Cayman Islands. Yesterday in a federal court in Kansas, 30 community bank shareholders burst into sobs of relief when they learned that they would get their investments back in full. In August, Shan Hanes, the former CEO of Heartland Tri-State Bank in Kansas, was sentenced to 24 years in prison for embezzling $47 million in customer funds and transferring them to a cryptocurrency account operated by scammers. Prosecutors said Hanes also stole funds from churches, investment clubs and his daughter's college fund, and lost $1.1 million in personal funds in the scam. Hanes' bank was closed and sold by federal regulators because of the depletion of funds. The customer's $47.1 million deposit is insured and paid by the Federal Deposit Insurance Corporation (FDIC). However, the $8.3 million investment of 30 community bank shareholders was once thought to have been lost. Prosecutors said Hans fell into a "pig killing" scam, transferring $47.1 million in customer funds through 11 wire transfers in just eight weeks from the end of 2022 to the summer of 2023. (Fortune)