Ukraine places $8.3M in seized crypto under state management

Ukrainian prosecutors announced via Telegram that they have begun state-level management of $8.3 million in Tether (USDT) seized from a criminal organization. According to Decrypt, prosecutors stated on June 27 that the USDT, confiscated from a suspect believed to be part of an international hacking group, has been transferred to a cryptocurrency wallet managed by the Asset Recovery and Management Agency (ARMA). Ukrainian officials emphasized that this marks the first time seized cryptocurrency has been formally integrated into the country's state management system.