Ukraine seizes $1.5m in crypto from former official
The National Anti-Corruption Bureau of Ukraine has seized crypto assets worth $1.5 million from Yury Shchigol, ex-chief of the Special Communications Service. Shchigol, along with his deputy Victor Zhor, is accused of misappropriating approximately $1.8 million in government funds. The pair’s alleged scheme involved the Special Communications Service—responsible for inter-governmental communications—overpaying for software and services from two unnamed firms. These purchases, intentionally made without open auction to evade transparency, resulted in the government paying 285 million hryvnias — around $7.8 million — for services that cost significantly less, totaling 223 million hryvnias, or $6.1 million. The difference, its claimed, was pocketed by Shchigol and Zhor. You might also like: Ukraine’s ministry hopes blockchain can dismantle corruption The assets seized from Shchigol include 6.9 BTC, 1.2 million USDT and 331 TRX. Zhor has also been arrested, as reported b...