Ukraine Places $8.3M in Seized USDT Under State Management for the First Time

According to the Prosecutor General's Office, Ukraine transferred more than $8.3 million in USDT to a crypto wallet controlled by ARMA, the country's asset-recovery agency, marking the first time seized crypto assets have been placed under state management. The stablecoin was seized from an alleged member of an international hacking group accused of ransomware attacks on victims in Europe and the U.S., with estimated damages exceeding $100 million. Four suspects, including the alleged organizer, are in custody, with authorities seizing more than $11.1 million in total assets, including property, vehicles, cash, and the cryptocurrency.
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