So, it turns out that the banker of Kansas (Shan Hanes) who has torn millions of his small town in Kansas, has lost a large part of his loot to a Crypto scam of Cochon de Cochon, attached to a Philippine appeal center, according to a complaint from the Ministry of Justice (DoJ).
According to the complaint filed on June 18, 2025, the persecutors of the DOJ initiated a civil confiscation action targeting more than $ 225 million in the Blanchi USDT, linked to Shan Hanes, the CEO in disgrace from the Tri-State Bank of Heartland, filling more than $ 47 million in the bank, triggering the collapse of the agricultural lender in 2023.
An exchange of crypto provided critical information to the DOJ, which led the regulatory body to identify a complex modus operandi used by crooks to whiten illegal funds.
The authorities recovered a total of 93 deposit accounts, where the crooks forced their victims to deposit USDT. Once the victims have deposited the funds, they circulated up to 100 intermediate portfolios to obscure the source of the funds and to mix the deposits of several victims.
Once they obscured the source of funds, the crooks then transferred these funds to OKX accounts to two reshuffle phases. They initially transferred the fund to 22 OKX detention accounts, then reworked it from an additional 122 OKx accounts.
Breaking: The Kansas banker, Shan Hanes, who stole $ 47 million at Heartland Tri-State Bank, lost millions of people against crypto crooks abroad in a $ 225 million USD laundry program.
• Doj bind the scam at
• OKX helped draw more wallets
• Bank collapsed in 2023
• Hanes … pic.twitter.com/x6atn9znlo– Cryptoai (@qcryptoai) June 19, 2025
Breaking: The Kansas banker, Shan Hanes, who stole $ 47 million at Heartland Tri-State Bank, lost millions of people against crypto crooks abroad in a $ 225 million USD laundry program.
call centerAll OKX accounts have been linked by shared IP addresses, reusable KYC documents, traced to a Crypto scam based in Manila – Itechno Specialist Inc.
The DoJ estimated an astronomical volume of $ 3 billion in transactions generated by this laundering network based in Manila.
Explore: 9+ best high -risk crypto reward to buy in June 2025
Hans called both an author and a victim
According to the MJ complaint, Hanes diverted millions of millions of people from the Heartland Tri-State bank from May 30 to July 7, 2023, a period which is between the Bank’s quarterly regulatory declaration cycles, to avoid detection. In this time, Hanes launched 10 wire transfers for just over $ 47.1 million.
The complaint also takes into account the report of the Federal Reserve (Fed) on the collapse of the Heartland Tri-State bank. The regulatory organization found a total of 434 victims of the cryptographic scam, 60 victims losing a combined value of $ 19.4 million, approximately.
Heartland Tri-State Bank, which held $ 13.7 million in capital and $ 139 million in assets, had its liquidity affected by Hanes shares, which has made the bank launched an emergency borrowing worth $ 21 million.
Consequently, the bank ended up with a giant hole of $ 35 million in its chests and was closed by regulators in July 2023.
In addition, as previously indicated by CNN, Hanes also stole $ 40,000 at the Elkhart Church of Christ, $ 10,000 at Santa Fe Investment Club, $ 60,000 in the university fund of his daughter and finally, nearly a million dollars in stock company, Elkhart Financial.
In August 2024, the court sentenced Hanes to 24 years in prison. Meanwhile, the Doj appointed it both the attacker and a victim of this particular butchery scam.
Explore: The best new cryptocurrencies to invest in 2025
Assets of the cryptographic scam headed to the fed holders
Although the Bitcoin reserve and the stock of other cryptocurrencies are not yet in place, the seized USDT is very likely to be found in the Fed crypto stock.
The Treasury Department has verified the assets of digital assets of the United States government to determine the cryptocurrencies and various other digital assets that it must hold.
Since the officials recovered only a small percentage of the people affected by the scam, the total compensation of the victims of the seized USDT remains uncertain.
Main to remember
-
Shan Hanes lost $ 3.3 million from his dollars of $ 47 million against a Boucherie de Boucherie de Boucherie
-
The crooks remained stolen funds in two phases linked to a total of 144 OKX accounts
-
The investigators traced all the OKX accounts to a compound in Manila, in the Philippines,
The post Doj files $ 225 million in civil confiscation linked to a cryptographic scam perpetrated by the CEO in disgrace, Shan Hanes, appeared first on 99Bitcoins.
