Heartland Tri-State Bank

The U.S. Department of Justice has seized more than $225 million in cryptocurrency linked to investment fraud and money laundering operations. The CEO of Heartland Tri-State Bank, referred to as 'S.H.', was tricked into wiring $47.1M from the bank's assets, believing he was making legitimate crypto investments. This was part of a larger scheme involving over 400 victims, where funds were laundered through a complex network of cryptocurrency addresses to obscure their origin.

Source: https://www.bleepingcomputer.com/news/legal/us-recovers-225-million-of-crypto-stolen-in-investment-scams/

TPRM report: https://scoringcyber.rankiteo.com/company/hoosier-heartland-state-bank

"id": "hoo602061925",
"linkid": "hoosier-heartland-state-bank",
"type": "Ransomware",
"date": "6/2025",
"severity": "75",
"impact": "2",
"explanation": "Attack limited on finance or reputation"

{'affected_entities': [{'industry': 'Financial Services',
                        'name': 'Heartland Tri-State Bank',
                        'type': 'Bank'}],
 'attack_vector': 'Blockchain-based Money Laundering Network',
 'description': 'The U.S. Department of Justice has seized more than $225 '
                'million in cryptocurrency linked to investment fraud and '
                'money laundering operations, the largest crypto seizure in '
                'the history of the U.S. Secret Service.',
 'impact': {'financial_loss': '$225 million',
            'legal_liabilities': 'Civil Forfeiture'},
 'initial_access_broker': {'high_value_targets': 'Heartland Tri-State Bank '
                                                 'CEO'},
 'motivation': 'Financial Gain',
 'post_incident_analysis': {'root_causes': 'Complex network of cryptocurrency '
                                           'addresses to obscure the origin of '
                                           'stolen funds'},
 'references': [{'source': 'U.S. Department of Justice'}],
 'regulatory_compliance': {'legal_actions': 'Civil forfeiture',
                           'regulations_violated': ['18 U.S.C. § 981(a)(1)(A)',
                                                    '18 U.S.C. § '
                                                    '981(a)(1)(C)']},
 'response': {'law_enforcement_notified': ['U.S. DOJ',
                                           'FBI',
                                           'U.S. Secret Service'],
              'recovery_measures': ['Civil forfeiture recovery'],
              'remediation_measures': ['Froze and burned the tokens, reissued '
                                       'to the U.S. government'],
              'third_party_assistance': ['Tether', 'TRM Labs']},
 'threat_actor': 'Organized Fraud Ring',
 'title': 'U.S. DOJ Seizes $225 Million in Cryptocurrency Linked to Investment '
          'Fraud and Money Laundering',
 'type': 'Investment Fraud and Money Laundering'}