HawkInsight

  • Contact Us
  • App
  • English

The Ukraine court ordered the transfer of assets involved in the Binance account to the Asset Management Bureau

Internet reports that the Pechersk District Court of Kiev, Ukraine, ruled that virtual assets seized during an investigation involving major fraud and illegal gambling should be transferred to the State Asset Recovery and Management Agency (ARMA). The assets involved came from a digital wallet registered with the crypto exchange Binance and were owned by a Ukraine national (Ö С Ö А А_6). They were suspected of laundering money through unlicensed platforms such as rollbit.com The total amount of seized assets exceeds 500 million hryvnia, far exceeding the regulatory threshold. These assets cover multiple cryptocurrencies: Bitcoin, Ethereum, Litecoin, Solana, and Tether (USDT), and are distributed among multiple sub-accounts associated with Binance Master user ID. The total amount of various cryptocurrencies seized exceeds 500 million hryvnia, far exceeding the national regulatory threshold stipulated by Ukraine law. The court's decision also required Binance, registered in Seychelles as Nest Services Limited, to carry out the asset transfer and cooperate with the Ukraine authorities. ARMA expects to sell the assets through an official electronic auction platform to fulfill its responsibility to manage seized property and return its value to the national budget.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More