Ukraine Seizes Over $8 Million in Tether Linked to Hacking Group

Ukraine's National Agency for Finding, Tracing, and Management of Assets (ARMA) has taken control of over $8.3 million in seized Tether (USDT), marking the country's first transfer of confiscated cryptocurrency into state management.

The funds were linked to an alleged member of an international hacking group accused of causing more than $100 million in damage, and were seized from wallets associated with the individual.

The group was said to have targeted individuals and businesses across Europe and the United States, stealing confidential data, demanding ransom payments, and laundering proceeds through property and vehicle purchases in Ukraine.