Ukraine has transferred seized crypto assets worth over 8.3 million USDT to state control, marking a historic first amid a cybercrime investigation.
In a significant development, Ukraine has transferred seized virtual assets to state control for the first time. The National Agency for the Detection and Management of Assets (ARMA) has received over 8.3 million USDT, as reported by the Office of the Prosecutor General.
This cryptocurrency was confiscated during an investigation into an international hacker group responsible for cyberattacks targeting individuals and businesses in Europe and the USA. These attacks involved stealing sensitive information and extorting ransom payments. The hackers laundered their proceeds in Ukraine by purchasing real estate, vehicles, and other high-value items.
Authorities estimate that the damages caused by this group exceed $100 million. Four suspects, including the purported leader, have been apprehended and are currently in custody.
Overall, assets totaling more than $11.1 million have been seized in connection with this case, which includes not only cryptocurrency but also properties, vehicles, and around $1 million in cash.
The transfer of 8.3 million USDT to ARMA signifies a historic moment for Ukraine, as it marks the country's first control over confiscated digital assets. The prosecutor's office highlighted that this case underscores the growing transnational nature of cybercrime and the increasing involvement of digital assets in criminal activities.
Additionally, Ukraine ranks fourth in Europe for cryptocurrency market volume, with a reported figure of $206.3 billion from July 2024 to June 2025, according to Chainalysis.
