“This is the first time that seized crypto assets have actually been handed over to state management,” the statement reads. The funds came from wallets controlled by a member of an alleged international hacker group, the office said.

However, fund management involves custody of the digital assets, not ownership. The USDT sits in a wallet ARMA controls but has not been formally confiscated, a step that requires a conviction. ARMA already manages seized homes and cars, yet has no record of taking crypto onto its books.

Investigators accused the group of attacking people and companies in Europe and the U.S., stealing private data, demanding ransoms and laundering proceeds in Ukraine through real estate, cars and other high-value…