Bybit Payroll Theft: Ho Kai Xin’s $5.7 Million Scheme Ends in 10-Year Sentence – BitRss

.

On February 20, a Singapore court announced the sentence after she pleaded guilty to 44 charges, including fraud and money laundering.

While overseeing payroll at WeChain, which managed salary payments for Bybit, Ho exploited her position by altering financial records. She redirected payments into four cryptocurrency wallets under her control, transferring a total of $4.2 million over several months. She then converted the stolen funds into traditional currency.