<ul><li>Ho Kai Xin, a former payroll processing staff member at Bybit, has been sentenced to nine years and 11 months in prison for defrauding the cryptocurrency exchange of over $5.7 million.</li><li>Ho manipulated payroll data to funnel cryptocurrency payments intended for employees into her personal wallets, receiving over 4.2 million USDT in eight transactions over a span of four months.</li><li>She used the stolen funds to finance a luxurious lifestyle, including purchasing a multimillion-dollar penthouse, luxury goods, and a Mercedes-Benz.</li><li>Authorities have recovered more than $330,000 worth of assets, but a significant portion of the stolen amount remains unrecovered, and Ho has yet to offer repayment.</li></ul>

$5.7M Bybit Crypto Scam Lands Ex-Employee Nearly 10 Years in Prison—Details

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