Shan Hanes, the former CEO of Heartland Tri-State Bank, has been sentenced to 24 years in prison for his role in a $47.1 million crypto scam. Hanes was convicted of embezzlement, diverting bank funds into crypto accounts controlled by scammers. This led to the bank’s collapse, making it one of five banks to close in 2023. Hanes was caught up in a ‘pig butchering’ scam, where he was lured into making crypto investments with promised returns, which he never received.