A Singapore-based fintech employee has been sentenced to 78 months in prison for stealing over $26 million worth of USDT from the company’s Hong Kong branch. The theft involved unauthorized transactions from the company’s virtual currency account, transferring funds to multiple electronic wallets across various trading platforms. Authorities recovered approximately 8.6 million Hong Kong dollars in cryptocurrency, alongside 4.65 million Hong Kong dollars in cash and assets. The employee was charged with one count of theft and three counts of handling property believed to represent proceeds from illegal activities. They pleaded guilty in the Hong Kong High Court and were subsequently convicted.