Former payroll manager, Ho Kai Xin, has been sentenced to nine years and 11 months in prison for stealing $4.2 million from Bybit. Ho pleaded guilty to multiple charges including cheating, benefiting from criminal conduct, and providing false information. She manipulated Excel spreadsheets to transfer funds intended for Bybit employees to her own accounts. Ho used the stolen crypto funds to live a luxurious lifestyle, purchasing items such as luxury goods and a penthouse. She will begin serving her sentence after a previous six-week jail term.



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