On 29 June, the Office of the Prosecutor General of Ukraine confirmed that more than US$ 8.3 million in USDT had been transferred to the wallets controlled by the State asset management and recovery agency ARMA. This is the first time that Ukraine has moved seized encrypted assets from the state of freezing evidence to the formal State administration.

Transfer of funds to ARMA wallet

The sum of the funds was approximately 372 million Ukrainian Gryvnas, which originated from a wallet controlled by a member of an international hacker group suspected of involvement. In the past, encrypted assets seized by law enforcement authorities in Ukraine were usually only frozen and did not enter the national asset management system.

After this transfer, ARMA included digital assets for the first time in its management accounts. This body was originally responsible for the property, vehicles and other physical assets seized in criminal cases.

  • Transfers to assets: over $8.3 million
  • Implementing agency: Ukrainian National Asset Management Agency ARMA
  • Confirmation: 29 June 2026

Court order to push the proceedings to land

Reports indicate that the transfer was based on a court order and led by the State Investigation Service of Ukraine. The case involved an international hacker group alleged to have carried out attacks in Europe and the United States, and the investigation directions included the theft of private data, extortion and the laundering of funds through real estate and vehicles.

The total damage caused by the case, according to the Ukrainian side, was over $100 million. Four suspects, including those identified as organizers, have been detained. The total amount seized in the case was over $11.1 million, including, in addition to encrypted assets, residences, apartments, cars and approximately $1 million in cash.

It's not confiscated.

This USDT has entered the ARMA wallet, but does not mean that the State has acquired ownership. In accordance with the procedures in force in Ukraine, the assets concerned will enter the formal phase of confiscation only after criminal conviction.

Before that, ARMA played the role of trustee, not owner of assets. This means that the funds cannot currently be reallocated or used for public expenditure. If the case does not result in a conviction, the assets may still be returned.

It's in the direction of Ukrainian encryption policy. Response

The operation was also considered a practical test of Ukraine ' s ability to handle the digital assets involved. The Chainalysis data show that, from mid-2024 to mid-2025, Ukraine received US$ 20,633 billion in encryption transactions, ranking fourth in Europe.

In that context, Ukraine was also discussing the possibility of establishing a secure strategic reserve, one idea being the use of digital assets confiscated in criminal or civil proceedings, rather than buying them directly into the market. The size of the transfer was not significant, but it showed that the Ukrainian side had begun to build the corresponding hosting and implementation infrastructure.