Former Bybit payroll manager who stole $4.2 million sentenced to six weeks in prison for contempt of court

Odaily Planet Daily News: Ho Kai Xin, the former Bybit payroll manager who stole $4.2 million in public funds, refused to execute the court order and spent nearly $840,000 to buy a freehold penthouse and luxury goods after the court's ruling. Due to violating the High Court's order, the woman was sentenced to six weeks in prison for contempt of court on January 27. Earlier news, Bybit sued Ms. Ho, who was in charge of the company's payroll, for abusing her power and transferring a large amount of USDT to an address she secretly owned and controlled. The General Division of the Singapore High Court upheld the ruling on July 25, saying that cryptocurrencies are generally recognized as property, and holders of crypto assets in principle have intangible property rights recognized by common law, as items in litigation, and therefore can be enforced in court. The court ruled that Ms. Ho immediately pay Bybit all transferred amounts and interest. (straitstimes)