Apparent Pig-Butchering Crypto Scam Took Down a US Bank | allinfosecnews.com

Feb. 13, 2024, 10:19 p.m. |

BankInfoSecurity.com RSS Syndication www.bankinfosecurity.com

Kansas Bank Forced to Close After CEO Allegedly Embezzled Nearly $50 Million
A watchdog report reveals how Heartland Tri-State Bank CEO Shan Hanes allegedly defrauded a local church and investment club in Kansas out of $47.1 million through a "pig-butchering" cryptocurrency scam that ultimately caused the bank to fail in 2023.

bank ceo church club crypto cryptocurrency cryptocurrency scam crypto scam down fail investment kansas local report scam state ultimately watchdog

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