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Parasol, a subsidiary of Mysten Labs and the platform that enables game developers to incorporate blockchain infrastructure into games, said in a Friday press release that CODE OF JOKER: EVOLUTIONS, the SEGA-licensed game by Jokers Incorporated, will be released on the Sui blockchain. First launched by SEGA Corporation in 2013, the CODE OF JOKER series became extremely popular with trading card game enthusiasts. With the functionality offered by Sui’s ( SUI ) blockchain technology, the new release will make it possible for users to experience true digital ownership, trade freely, and share collections in a decentralized environment. This marks another step towards the convergence of traditional gaming with blockchain technology. The game will be available on iOS, Android, and Web later this summer 2025. Sui is a Layer 1 blockchain that is designed to support fast, secure, and scalable transactions. It is optimized for the needs of the gaming infrastructure of the modern era with its parallel execution and object-centric architecture. Jokers co-founder Takashi Mizuoka said in the press release Sui was “the only blockchain that could” fulfil his vision of living on the blockchain. “When we initially met with the Parasol team last year, it was clear that they were with us in the conviction that gaming will be at the center of Web3 transformation and the gamer community will be the first to adopt the decentralized economy,” said Evan Cheng, Mysten Labs CEO and Co-Founder. “With its massive library of SEGA Corporation IPs, CODE OF JOKER: EVOLUTIONS is the perfect first marriage of classic gaming IP and blockchain gaming.” Parasol’s entry into the Sui ecosystem reflects the accelerating trend towards blockchain gaming. Sui’s mainnet is already hosting innovative titles like standalone AAA titles like XOCIETY and Mysten Labs’ upcoming SuiPlay0X1, which is a device that can play Web2 and Web3-powered games. “Our partnership with CODE OF JOKER: EVOLUTIONS is a passion project by the group that grew up playing classic Japanese gaming,” Parasol CEO Kai Chen said. “Sui is the only blockchain that can provide the technical support our gaming partners require, and we’re grateful to have the backing of Jokers Inc. and Sega for our flagship project. There’s much more to come.”

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."

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.

Last call for $AURA went from 9M to 34M, now back at 27M. My thesis remains the same—this is a 1B meme. You’ve got a meme hyped daily on sports channels and by Rogan, Kai Cenat, & IShowSpeed, plus it’s capturing the vibe of CT and some TikTokers. It’s no longer just a meme—it’s a movement. Heading into 2025, I see it pulling an SPX-type run. Bid. Have conviction. Join the cult.

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