For the first time in Ukraine, seized virtual assets have been transferred to state management. The National Agency for Finding, Tracing, and Management of Assets (ARMA) received over 8.3 million USDT in its crypto wallet, reported the Office of the Prosecutor General.
The cryptocurrency was confiscated as part of an investigation into an international hacker group. According to the investigation, the group conducted cyberattacks on individuals and companies in Europe and the US, stealing confidential information and demanding ransoms. The proceeds were laundered in Ukraine through the purchase of real estate, cars, and other high-value assets.
Law enforcement estimates the group’s activities caused over $100 million in damages. Four individuals, including the alleged organizer, have been detained and are in custody.
Assets worth more than $11.1 million have been seized in the case. In addition to cryptocurrency, this includes residential properties, vehicles, and approximately $1 million in cash.
The transfer of 8.3 million USDT to ARMA marks the first instance in Ukraine’s history where the state has taken control of seized virtual assets.
The prosecutor’s office noted that the investigation highlights a trend where cybercrime is becoming transnational, and digital assets are increasingly appearing in criminal cases as objects of seizure and subsequent management.
Previously, Ukraine ranked fourth in Europe by cryptocurrency market volume, with $206.3 billion from July 2024 to June 2025, according to Chainalysis.
