Ukrainian court rules to confiscate cryptocurrency assets in a Binance wallet involved in a case, valued at approximately 12 million US dollars

Foresight News reported that a court in Ukraine ruled to transfer virtual assets seized during an investigation into major fraud and illegal gambling to the Asset Recovery and Management Agency (ARMA). The assets in question come from a digital wallet registered on the cryptocurrency exchange Binance, owned by a Ukrainian national (ОСОБА_6), who is suspected of laundering money through unlicensed platforms such as rollbit.com. The total value of the seized assets exceeds 500 million hryvnias (approximately 12 million US dollars), encompassing Bitcoin, Ethereum, Litecoin, Solana, and Tether (USDT). The court's ruling also requires Binance, registered in Seychelles as Nest Services Limited, to execute the transfer and cooperate with Ukrainian authorities. ARMA is expected to sell these assets through an official electronic auction platform to fulfill its duty to manage seized property and return its value to the national budget.