Payroll employee who cheated S$5.7 million from cryptocurrency trading platform jailed

Channel News Asia

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Payroll employee who cheated S$5.7 million from cryptocurrency trading platform jailed

Ho Kai Xin spent her ill-gotten gains on upgrading her home from a housing board flat to a luxury penthouse.

The Straits Times

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Nearly 10 years’ jail for woman who committed cheating linked to over $5.7m of mostly crypto funds

SINGAPORE — By making amendments on Microsoft Excel files used for payrolls, a woman working at a fintech company committed cheating linked to more than $5.7 million, mostly relating to cryptocurrency. On Feb 20, Ho Kai Xin, 32, was sentenced to nine years and 11 months' jail after she pleaded guilty to five cheating charges, eight counts of dealing with...

CoinTribune

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A model employee? Rather an illusion. Behind his Excel files, Ho Kai Xin hijacked 5.7 million in crypto. Singapore's justice gives him a 10-year stay behind bars. The article An employee of Bybit hijacks 5.7 million in crypto and ten-year jail paper! appeared first on Cointribune.

99 Bitcoins

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Woman Sentenced To Nearly 10 Years For $5.7M Fraud Against Bybit In Singapore

A Singapore court has sentenced Ho Kai Xin to nearly 10 years in prison for defrauding cryptocurrency exchange Bybit of $5.7 million through payroll manipulation. The 33-year-old, who pleaded guilty to 44 charges—including cheating and dealing with criminal proceeds—received a nine-year, 11-month sentence, according to The Straits Times on 20 February 2025. Ho’s offenses occurred while she was employed at WeChain, a crypto networking platform ma…

La Criptomoneda

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A woman named Ho Kai Sin, who stole $5.7 million in Bybit Cryptocurrency Exchange, was jailed for nearly 10 years. KH worked at the Wechain cryptocurrency company and expected the salary of some 900 employees of Bybit. She made changes to the reports, indicating false data that the platform of [...] The entry The stolen Bybit at Bybit Exchange 5.7 million scams was dispersed in jail was first published in La Cryptocurrency.

Cointelegraph

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Woman who defrauded Bybit of $5.7M gets 10 years in prison: Report

A woman who handled payroll for Bybit was handed a 10-year prison sentence for directing $5.7 million of the crypto exchange’s funds to herself.