Ukraine Takes $8.3M in Seized Crypto Into State Custody for the First Time

Ukraine transferred $8.3 million in USDT seized from an international hacking ring to its state asset-recovery agency ARMA, marking the first time the country has taken crypto into state management. The hacking group caused over $100 million in damages.

• Over $8.3M in USDT was moved to a wallet controlled by Ukraine's asset-recovery agency ARMA, a first for digital assets.
• The funds were seized from an alleged international hacking group that launched ransomware attacks across Europe and the US.
• Four suspects including the alleged ringleader are in custody; total seized assets exceed $11.1M including property and cash.
• Ukraine ranks 4th in Europe by crypto transaction volume ($206.3B received mid-2024 to mid-2025).
• The milestone follows a 2025 reform of ARMA and comes as Ukraine advances a bill to tax and regulate crypto along EU lines.

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