Bybit’s $5.7M Payroll Fraud Scandal: A Cautionary Tale of Cryptocurrency’s Dark Side Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nearly a decade in prison for embezzling over $5.7 million from Bybit Fintech. This case exposes the vulnerabilities in cryptocurrency payroll systems and serves as a […]
Read Full Article
North Korea’s Lazarus Group Exposed as the Mastermind Behind Bybit’s $1.5 Billion Hack The cryptocurrency world was rocked by a staggering revelation: the notorious Lazarus Group, backed by North Korea, orchestrated the largest crypto theft in history. This $1.5 billion heist on Bybit not only eclipses all previous exploits but also casts a glaring light […]
Read Full Article
Bybit Hit by Massive $1.5 Billion Ethereum Hack: A Wake-Up Call for Crypto Security Bybit, a leading cryptocurrency exchange, has suffered a massive security breach, with nearly $1.5 billion in Ethereum stolen from one of its cold wallets—a secure, offline storage method for digital assets. The incident, one of the largest digital heists in history, […]
Read Full Article
ByBit Fraudster Ho Kai Xin Sentenced to Nearly a Decade in Prison for $4 Million Crypto Heist Ho Kai Xin, a 32-year-old Singaporean woman, has been sentenced to nearly a decade behind bars for defrauding ByBit of over $4 million in digital assets through an audacious internal fraud scheme. Ho manipulated payroll to steal over […]
Read Full Article
Ho Kai Xin’s Lavish Life Funded by $4.2 Million Crypto Theft from Bybit Ends in Nearly 10-Year Jail Sentence Ho Kai Xin sentenced to almost 10 years in prison Stolen $4.2 million in cryptocurrency from Bybit Manipulated payroll records for personal gain Imagine stealing over $4 million in cryptocurrency and living a life of luxury—until […]
Read Full Article
Bybit’s Listing Billboard: Pioneering Transparency in Crypto Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched the “Listing Billboard”, a new initiative designed to enhance transparency for listed tokens. SoSoValue, fresh off a $15 million Series A funding round, becomes the first project to adopt this framework, revealing detailed performance metrics to the […]
Read Full Article
Bybit Re-enters India’s Crypto Market: Navigating Regulatory Waters Bybit, a prominent global crypto exchange, has made significant strides toward resuming operations in India by registering with the country’s Financial Intelligence Unit (FIU) on February 5, 2024. This crucial move follows a period of halted services due to compliance issues, which Bybit addressed by paying a […]
Read Full Article
Bybit Halts Operations in India Amid Regulatory Storm Bybit, a leading cryptocurrency exchange, has temporarily suspended its services in India due to increasing regulatory scrutiny of unregistered platforms. This decision reflects the broader tension between crypto innovation and regulatory compliance in one of the world’s most populous nations. Bybit suspends services in India Regulatory crackdown […]
Read Full Article
Bybit Physical Card Launches in Brazil: Enhancing Crypto Payments and Adoption Bybit introduces the Physical Card in Brazil, enabling crypto payments with USDT, BTC, and ETH, marking a significant step towards integrating digital assets into everyday transactions. Bybit launches Physical Card in Brazil 2% cashback, supports USDT, BTC, ETH No annual fees, integrates with Apple […]
Read Full Article
Malaysia’s Bold Move: Securities Commission Orders Bybit to Cease Operations In a decisive action to protect investors and regulate the burgeoning cryptocurrency sector, Malaysia’s Securities Commission (SC) has ordered Bybit, a global cryptocurrency exchange, to shut down its operations within the country. The move comes as part of Malaysia’s ongoing efforts to clamp down on […]
Read Full Article