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Ukraine to convert $8.3M in seized cryptocurrency into war bonds

By

Daryna Antoniuk

3h ago· 2 min readenNews
financepoliticscryptocurrencycybercrime

Summary

Ukraine's Asset Recovery and Management Agency (ARMA) plans to convert over $8.3 million in cryptocurrency seized from an alleged international cybercrime group into government war bonds. This marks the first time Ukraine has used confiscated digital assets to support its wartime economy. The funds were transferred to ARMA's official digital wallet following a court order, and will be used to purchase war bonds to finance the country's defense efforts.

Source

bskyUkraine to convert $8.3M in seized cryptocurrency into war bondstherecord.media

Key quotes

· 2 pulled
This is the first time seized digital assets have been placed under ARMA's management
Ukraine plans to convert several million dollars' worth of cryptocurrency seized from an alleged international cybercrime group into government war bonds
Snippet from the RSS feed
Ukraine's Asset Recovery and Management Agency (ARMA), which manages property seized in criminal proceedings, said more than $8.3 million in cryptocurrency had been transferred to its official digital wallet following a court order.

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