Former CFO convicted of $35M cryptocurrency fraud: DeFi risks remain relevant
A former CFO of a major technology company has been sentenced in the United States for his involvement in a $35 million cryptocurrency fraud scheme. The case received a wide resonance in the financial community and once again drew attention to the risks associated with investing in the decentralized finance (DeFi) sector.
The investigation found that the defendant used his official position to illegally transfer company funds to various DeFi projects that promised high returns. However, a significant portion of the investments were withdrawn through anonymous cryptocurrency wallets, making them difficult to track and recover. As a result, the company lost more than 35 million dollars, and hundreds of investors suffered the consequences of the scheme.
Experts note that DeFi fraud cases remain a serious problem. According to analytics company Chainalysis, the amount of stolen funds in such schemes exceeded $2.3 billion in 2025, an 18% increase from the previous year. The lack of centralized control and the anonymity of transactions make the sector attractive to attackers.
Law enforcement agencies are urging investors to be vigilant when choosing DeFi platforms and to thoroughly vet projects before investing. Regulators are also considering tougher requirements for market participants to increase transparency and reduce fraud risks.
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