Shocking Crypto Embezzlement: Software CFO Loses $35 Million in DeFi Disaster

BitcoinWorld Shocking Crypto Embezzlement: Software CFO Loses $35 Million in DeFi Disaster In a stunning case that highlights the risks of unauthorized cryptocurrency investments, a software company’s chief financial officer faces 20 years in prison after losing $35 million in embezzled funds through reckless DeFi trading. This dramatic crypto embezzment case serves as a stark warning about the dangers of mixing corporate funds with volatile digital assets. How Did This Massive Crypto Embezzlement Unfold? Nevin Shetty, formerly the CFO of a software company, orchestrated one of the largest corporate crypto embezzlement cases in recent memory. According to court documents and reports from Decrypt, Shetty systematically transferred company funds to his personal cryptocurrency accounts over an extended period. The scale of this crypto embezzment scheme reached an astonishing $35 million before detection. Shetty then invested the entire amount in various decentralized finance protocols. However, the highly volatile nature of DeFi investments...

https://bitcoinworld.co.in/crypto-embezzlement-cfo-convicted/