Past, Present & Future of Pi
#PI
After reading many articles about Pi, analyzing a bunch of flashy stuff, and feeling the complexity shrouded in clouds, my opinion is actually very simple. It’s clear what I choose:
1. The Pi project has been on exchanges for six years since its inception. How many projects in the crypto space have lasted six years? Time is the most reliable indicator. If a project has 60 million people who have persisted for six years, can you really call it a scam? The entire crypto space might not even have 60 million people, so on what basis do you claim that these 60 million people are less intelligent than you?
2. Pi has 60 million users participating every day for six years. Which cryptocurrency has that many holders? The number of participants is a decisive factor for any project; all phenomenal projects must have people to succeed.
3. Everyone thinks it’s free mining. Which cryptocurrency founder spends money?
4. Most importantly, now the whole world knows about Pi coin. Investors, institutions, and people inside and outside the crypto space are aware of it. Its recognition is at least on par with, if not surpassing, Bitcoin and Ethereum. With such great hype and visibility, what reason does this project have not to succeed?
5. So far, the largest Pi market has not been opened. Many who highly recognize the value of Pi have not yet entered. When the largest group of token holders comes in, it will break many people's fixed mindsets about the crypto space. Those with high consensus will continue to buy, while those with low consensus who sold early will regret it and buy back, as they will face reality in the Pi community. If 60 million people each buy a thousand, how much is that?
6. Most importantly, the project is taking a compliant route. Some say KYC is centralized, not decentralized. You really need to understand the meaning of decentralization better.
7. Lastly, I would like to remind the many Pi skeptics that with so many participants and years of preparation, although the official mainnet has successfully launched and has gone on exchanges, the project team has not said a word or revealed a card. Any announcement from the Pi app will be seen directly by over 60 million people, and the indirect reach is unimaginable.
Do you think the project team has any heavyweight information that hasn’t been disclosed?
- 40.1% of respondents aim to buy more crypto in the next three months, while 15.3% plan to do so in six months, and 39.7% within a year.
- The region saw a 116% growth in crypto adoption in 2024, with 55 million users now making up nearly 10% of global crypto users.
- Factors like rising asset prices, regulatory advancements, and new financial products, such as Brazil's spot XRP ETF, are driving this surge.
What do you think about Latin America's crypto future? Share your thoughts! 💬
Singaporean Woman Slapped with 10 Years Jail Time for Defrauding Bybit of $4.2 Million
Bybit Scammer Gets 10 Years Jail Sentence
Ho Kai Xin, a 32-year-old from Singapore, has been sentenced to nearly 10 years in prison for defrauding the crypto exchange Bybit out of $4.2 million (S$5.7 million) in cryptocurrency.
While working for Wechain Fintech, which processed payroll for Bybit, Ho manipulated Excel spreadsheets to falsely show USDT payments due to digital wallets under her control.
🚨 JUST IN: A Singaporean woman has been sentenced to nearly 10 years in jail for defrauding @Bybit_Official of over $4 million in crypto. Ho Kai Xin, 32 years old, exploited her role at Wechain Fintech, which processed payroll for Bybit, by manipulating Excel spreadsheets to… pic.twitter.com/1fBRpPEMyY
— The Crypto Fool (@the_cryptofool) February 20, 2025
Over three months in 2022, millions were illicitly transferred, which she spent on luxury goods, including Louis Vuitton handbags, sunglasses, and a Mercedes-Benz.
She also placed a $560,000 deposit on a multimillion-dollar penthouse.
Prosecutors revealed that Ho became bolder after her initial embezzlement went unnoticed, even linking her crypto addresses to other employees’ names.
Her fraudulent activities were uncovered in September 2022 when an executive noticed discrepancies in the payroll spreadsheet.
Despite a court order to freeze her assets, Ho continued to lavishly spend the stolen funds, further compounding her crimes.
Ho Awaiting Commencement of New Sentence When Current One Expires
In January, Ho was sentenced to six weeks in jail for contempt of court after violating a civil court order prohibiting her from using funds she had embezzled.
Despite the court's directive issued in October 2022, Ho spent nearly $840,000 between November and December of that year on a freehold penthouse and luxury Louis Vuitton items.
The contempt charge stemmed from Bybit Fintech’s civil lawsuit to recover the stolen cryptocurrency.
Ex-Bybit Payroll Employee Sentenced for $5.7M Crypto Theft A former employee of Wechain Fintech, Bybit’s payroll provider, has been sentenced to nearly 10 years in prison for embezzling $5.7 million, mostly in USDT. Between May and August 2022, she falsified payroll records,… pic.twitter.com/FbujPy9Yfl
— Cryptol (@newscryptol) February 20, 2025
On 27 January, Ho was handed the short sentence, but this is just one part of her legal troubles.
She now faces an additional nine years and 11 months in prison after pleading guilty to over a dozen charges.
This sentence will begin after her current term expires.
Upon her arrest, Ho falsely claimed a fictitious cousin, "Jason Teo," was responsible for the illegal transfers, a story that took police over 140 hours to debunk.
Her defense attorney, James Gomez, requested a lighter sentence of eight years and eight months, citing her role as the mother of two young children.
He said during the trial:
"Her actions were a lapse in judgment, and she has since reflected deeply on the consequences they have had on her family, the victim and the justice system."
Robert Kiyosaki: Missing Fort Knox Gold Would Unleash World Chaos, Collapse Economy, Crash US Dollar
Robert Kiyosaki, author of Rich Dad Poor Dad, raised concerns about the U.S. economy after questioning the possibility of missing gold reserves at Fort Knox in a post on social media platform X on Feb. 22. His book, which has sold over 32 million copies, has been translated into more than 51 languages and remained on The New York Times bestsellers list for over six years.
“What if? What if Trump finds gold in Ft. Knox is missing?” he questioned. “I doubt gold is missing. I want to believe gold is there. But what if gold is missing?” The famous author warned:
The U.S. economy would collapse. The dollar would crash. The world would be in chaos. And inflation would wipe out millions of people, families, and businesses.
Recent discussions have emerged regarding the status of gold reserves at Fort Knox. President Donald Trump, during a recent speech, expressed intentions to visit Fort Knox with Elon Musk to verify the presence of the nation’s gold reserves. This follows Musk’s social media posts questioning the security of the gold stored there. The secrecy surrounding Fort Knox continues to fuel public speculation and calls for increased transparency.
To mitigate the risk of missing gold reserves at Fort Knox, Kiyosaki highlighted his preference for alternative assets, stating:
Just in case gold is missing… I own gold, silver, and bitcoin. The U.S. dollar will be toilet paper. Silver will be king.
The acclaimed author’s stance reflects his long-standing skepticism of fiat currency and belief in hard assets as protection against economic instability. He has frequently warned of the potential collapse of the U.S. dollar and encourages people to prepare accordingly. In addition to financial security, he has also suggested individuals consider personal safety measures. His message concluded with a reminder to remain vigilant and think critically about economic risks, urging people to ask themselves: “What if?”
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Payroll Fraud At Bybit: Employee Siphoned $5.7M Using Fake Transactions (Report)
Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million.
WeChain Fintech Singapore, which was contracted to manage payroll for Bybit Fintech, employed Ho as a payroll processing staff member. Ho, who was responsible for processing salaries for approximately 900 ByBit employees, exploited her position by manipulating Microsoft Excel files to divert company funds into her own accounts.
Bybit Payroll Scandal
According to a report from ‘The Straits Times,’ her fraudulent activities began in May 2022 when she altered payroll data to reflect unauthorized payments. She initially stole over $117,000 from WeChain. Encouraged by the absence of detection, she escalated her scheme and ended up misappropriating vast amounts of cryptocurrency directly from Bybit’s electronic wallet.
In fact, between May and August 2022, she transferred over 4.2 million USDT into four personal wallets. To facilitate the theft, she inserted fraudulent payment entries into payroll documents and listed her own wallet addresses next to employee names to deceive Bybit into authorizing the transactions.
Despite being under investigation and facing legal action from the exchange, Ho continued to lead an extravagant lifestyle. She placed a down payment of nearly $750,000 for a penthouse worth over $3.7 million on Gilstead Road.
She also splurged on high-end items, spending close to $30,000 on Louis Vuitton products, including sunglasses, bags, shoes, shirts, and rings. Additionally, she purchased a Mercedes-Benz valued at $420,000. Police later seized over $330,000 worth of her assets, but a significant portion of the stolen funds remains unaccounted for.
In February 2023, a WeChain representative reported Ho’s fraudulent activities to the authorities, which led to her arrest two months later. When questioned by police, she attempted to mislead investigators by falsely claiming that an individual named “Jason Teo,” whom she described as a cousin, was responsible for the unauthorized transactions. However, no such person was found to exist.
Luxury and Lies
Ho pleaded guilty to multiple charges, including cheating, dealing with criminal conduct, and providing false information to public servants. In addition to her nearly decade-long sentence, she was handed a six-week jail term in January 2024 for contempt of court after defying an order prohibiting her from spending her misappropriated funds. Despite court orders, she continued to use the stolen money, spending close to $840,000 on luxury goods.
Bybit has managed to recover approximately 1.1 million USDT from her electronic wallets and an additional $140,000 from one of her bank accounts. However, Ho has made no effort to return the outstanding amount.
The post Payroll Fraud at Bybit: Employee Siphoned $5.7M Using Fake Transactions (Report) appeared first on CryptoPotato.
SIX 社群媒體數據
過去 24 小時,SIX 社群媒體情緒分數是 3,社群媒體上對 SIX 價格走勢偏向 看漲。SIX 社群媒體得分是 0,在所有加密貨幣中排名第 1193。
根據 LunarCrush 統計,過去 24 小時,社群媒體共提及加密貨幣 1,058,120 次,其中 SIX 被提及次數佔比 0%,在所有加密貨幣中排名第 1200。
過去 24 小時,共有 17 個獨立用戶談論了 SIX,總共提及 SIX 1 次,然而,與前一天相比,獨立用戶數 增加 了 42%,總提及次數減少。
Twitter 上,過去 24 小時共有 0 篇推文提及 SIX,其中 0% 看漲 SIX,0% 篇推文看跌 SIX,而 100% 則對 SIX 保持中立。
在 Reddit 上,最近 24 小時共有 1 篇貼文提到了 SIX,相比之前 24 小時總提及次數 減少 了 0%。
社群媒體資訊概況
3