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Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft

Bitcoin News LogoBitcoin News17h ago

Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft - Bitcoin News

Quick Summary:

A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence.

Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.

Bybit Payroll Heist: Nearly 10 Years in Prison for $5.

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Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft - Bitcoin News (Picture 1)

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-22 @ 06:30:01 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 10 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 26328091

View Article Analysis

About Bitcoin News

Bitcoin News Logo

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

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The story "Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft" has 10 words across 1 sentences, which will take approximately 1 minutes for the average person to read.

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The story "Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft" was covered 17 hours ago by Bitcoin News, a news publisher based in Japan.

How trustworthy is 'Bitcoin News' news outlet?

Bitcoin News is a fully independent (privately-owned) news outlet established in 2008 that covers mostly crypto news.

The outlet is headquartered in Japan and publishes an average of 16 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #26328091
  • URL: https://chronographically.beamstart.com/news/bybit-payroll-heist-nearly-10-17402061866666

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