Ukrainian court orders confiscation of crypto assets in a Binance wallet involving approximately $12 million

According to Foresight News, a Ukrainian court ruled to transfer virtual assets seized in a major fraud and illegal gambling investigation to the National Asset Recovery and Management Agency (ARMA). The involved assets originated from digital wallets registered on the crypto exchange Binance, owned by a Ukrainian citizen (ОСОБА_6), suspected of money laundering through unlicensed platforms like rollbit.com. The total seized assets exceed 500 million hryvnias (approximately $12 million), including Bitcoin, ETH, Litecoin, Solana, and Tether (USDT). The court's ruling also requires Binance, registered in Seychelles as Nest Services Limited, to execute transfers and cooperate with Ukrainian authorities. ARMA is expected to sell these assets through the official electronic auction platform to fulfill its duty of managing seized property and returning its value to the national budget.