Ukrainian court rules to confiscate encrypted assets in a Binance wallet involved in the case, totaling approximately $12 million

According to Foresight News, a Ukrainian court has ruled to transfer virtual assets seized in a major fraud and illegal gambling investigation to the National Asset Recovery and Management Agency (ARMA). The assets involved in the case come from a digital wallet registered on the cryptocurrency exchange Binance, owned by a Ukrainian national (ОСОБА 6), and are suspected of money laundering through unlicensed platforms such as (rollbit. com). The total amount of seized assets exceeds 500 million hryvnias (approximately $12 million), covering Bitcoin, Ethereum, Litecoin, Solana, and Tether (USDT). The court's ruling also requires Binance, registered as Nest Services Limited in Seychelles, to execute transfers and cooperate with Ukrainian authorities. ARMA expects to sell these assets through an official electronic auction platform to fulfill its responsibility of managing seized assets and returning their value to the national budget.