Washington Man Sentenced to 2 Years for Diverting $35M to Failed DeFi Platform

A Washington state man has been sentenced to two years in federal prison after diverting $35 million from his employer to fund a personal decentralized finance venture that ultimately collapsed during the 2022 crypto market downturn. Key Takeaways: A former Washington CFO was sentenced to two years in prison for diverting $35 million in company funds into a failed DeFi investment scheme. The crypto strategy collapsed…