Ukraine Seizes 8.3M USDT From Ransomware Group, First Crypto Nationalization
2026-07-03 08:55

Woofun AI reports that Ukraine has officially incorporated seized cryptocurrency assets into national management for the first time. The Office of the Prosecutor General confirmed that over 8.3 million USDT was transferred to a wallet controlled by the State Asset Recovery and Management Agency. These funds originated from a member of an alleged international hacking organization responsible for cyberattacks across Europe and the United States, which resulted in estimated losses exceeding $100 million. Four suspects, including the organizer, have been detained, with total seized assets surpassing $11.1 million, comprising real estate, vehicles, $1 million in cash, and the cryptocurrency holdings. Ukraine legalized virtual assets in 2022 and continues advancing tax and regulatory legislation to align with EU standards. The country ranks fourth in Europe for cryptocurrency trading volume, recording $20.63 billion in transactions from mid-2024 to mid-2025.

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