TechFlame reports that according to Decrypt, Nevin Shetty, former CFO of a Washington-based software company, has been convicted by a federal jury on four counts of wire fraud for transferring $35 million of company funds without authorization into his self-built crypto platform and investing it in high-risk DeFi protocols. In 2022, upon learning he was about to be fired, Shetty secretly moved the company’s funds, initially making a profit of about $133,000. However, after the Terra ecosystem collapsed in May 2022, his investments were nearly wiped out. He later admitted to his actions and was dismissed by the company. Shetty is scheduled to be sentenced next February and could face up to 20 years in prison.