Top Ukraine official’s $1.5M in USDT, BTC seized in embezzlement probe
Ukraine ’s High Anti-Corruption Court seized $1.5 million in Tether (USDT), TRON (TRX), and Bitcoin (BTC) yesterday from the former chief of Ukraine ’s State Special Communications Service (SSSCIP) following allegations of embezzlement and money laundering. Yurii Shchyhol was fired last week from the SSSCIP as prosecutors began probing Ukraine’s cyber security agency over the alleged misuse of $1.7 million (UAH 62 million) in state funds. Yesterday’s court announcement detailed how Shchyhol, alongside five others, used their position to allegedly misappropriate funds through the purchasing of “information technology tools” designed for secure data registers. The court accuses the six suspects of working together in 2021 to organize a series of contracts that ensured they could buy UAH 223 million ($6.2 million) worth of software for UAH 285 million ($7.9 million) in state funds. The $1.7 million difference in funds was then allegedly transferred to overseas compani...