Ukraine seizes crypto-linked assets in hacking case and fake exchange fraud probe

Ukrainian authorities reported two separate crypto-related enforcement actions. In one, the Prosecutor General's Office said more than 8.3 million USDT linked to a suspected member of an international hacking group was transferred to a wallet controlled by the Asset Recovery and Management Agency, marking the first time seized cryptocurrency was placed under state management in Ukraine. Officials said four suspects, including the organizer, were detained and more than $11.1 million in assets were seized in that case, which authorities said caused over $100 million in losses. In a separate fraud investigation, Prosecutor General Ruslan Kravchenko said authorities dismantled a network posing as currency and cryptocurrency exchange services, carried out searches and undercover operations, detained one suspect, and seized more than 20 million hryvnias in cash, reported elsewhere as more than $448,000.