Nevin Shetty, the former CFO of a Washington state software company, has been convicted of wire fraud after embezzling $35 million to invest in decentralized finance (DeFi) platforms. A federal jury found Shetty guilty on four counts of wire fraud for misappropriating company funds to support his own crypto ventures. The funds were transferred in 2022 after Shetty learned of his impending termination. Initially, Shetty's investments yielded a profit of $133,000, but the collapse of the Terra ecosystem in May 2022 led to significant losses. Following his conviction, Shetty, who has pleaded guilty, faces a potential sentence of up to 20 years in prison, with sentencing scheduled for February.