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Former Malaysian PM Najib Razak has been found guilty in a major corruption case centered on the massive 1MDB fund scandal. The trial concluded Friday with his conviction, marking a significant moment in one of the largest financial fraud cases involving state investment funds. The 1MDB debacle—where billions disappeared through complex financial networks—serves as a critical case study for the crypto and blockchain community on why robust compliance frameworks, transparent fund management, and rigorous KYC procedures matter. The case highlights how even government-backed funds can fall victim to sophisticated embezzlement schemes. For those in Web3 and DeFi, the 1MDB precedent underscores the importance of institutional oversight and accountability mechanisms that prevent similar large-scale fund misappropriation.