The ByBit crypto theft case made headlines as Ho Kai Xin, a former payroll executive, was jailed for six weeks for contempt of court after defying orders to freeze her assets. She stole $4.2 million worth of cryptocurrency from ByBit Fintech, using fraudulent spreadsheets to siphon funds into her personal wallets. Despite court injunctions, Ho continued spending lavishly on luxury goods, a Mercedes-Benz AMG A45, and a $3.7 million penthouse. ByBit recovered part of the stolen funds, but Ho has yet to repay the remaining amount. She faces further sentencing for criminal charges, including cheating and money laundering.
