Singaporean woman sentenced to nearly 10 years of jail for stealing $4.2m from Bybit

Former payroll manager Ho Kai Xin has been sentenced to nine years and 11 months in prison for stealing $4.2 million from Bybit. The 32-year-old pleaded guilty to multiple charges, including cheating and benefiting from criminal conduct. Ho manipulated payroll spreadsheets to divert funds into her accounts, using the stolen money for luxury purchases and a penthouse. Her crimes were discovered in September 2022, leading to her arrest in April 2023 after an internal investigation by Wechain.

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