According to Protos, Shan Hanes, the former CEO of Heartland Tri-State Bank in the United States, was sentenced to 293 months in prison for involvement in financial fraud. He is suspected of manipulating over $47 million in funds into a so-called "pig butchering" scam, which could have led to total equity loss for the bank's shareholders. However, Tether blocked a related funds address using its blacklist feature, allowing shareholders to recover losses and receive compensation. The ruling noted that Hanes relinquished ownership of the funds in the Ethereum address managed by Tether Limited, which Tether blacklisted and froze its transaction permissions to protect investor rights. Meanwhile, the Federal Deposit Insurance Corporation has provided full protection for the bank's depositors.