Ukraine has taken seized cryptocurrency into state custody for the first time, a milestone for a country that has quietly become one of the world's largest government holders of crypto.
Estimated damages from the group's activities top $100 million, prosecutors said. Four people, including the alleged organizer, have been detained and remain in custody, with more than $11.1 million in assets seized, including homes, vehicles, $1 million in cash, and the crypto.
ARMA, formally the National Agency for Finding, Tracing and Management of Assets, oversees property seized in criminal cases. This is its first handoff involving digital assets, and it follows a 2025 overhaul of the long-criticized agency, a reform that unlocked hundreds of millions of euros in European Union support and was meant to make seized-asset management more transparent.
"Modern crime has long since moved into the digital space," the Prosecutor General's Office said. "We continue to work."
