Ukraine to buy war bonds with seized cryptocurrencies

This is the first time the country has used digital assets confiscated from cybercriminals in this way.

On 27 June 2026, Ukrainian authorities announced their intention to convert €7.3 million in cryptocurrencies seized from a cybercriminal group into state war bonds. The State Bureau of Investigation (SBI), Ukraine’s law-enforcement agency, did not formally identify the group, but said that its activities had caused more than €90 million in losses.

Law-enforcement authorities arrested four suspects, including the alleged operator of the group. They also seized €9.7 million in assets, including real estate, vehicles, $1 million (€0.88 million) in cash and €7.3 million in cryptocurrencies. A court ruling authorised the transfer of these crypto-assets to the digital wallet of Ukraine’s Asset Recovery and Management Agency (ARMA), which manages property seized in criminal proceedings.

Once converted, the cryptocurrencies will be used to purchase Ukrainian war bonds. “This is the first time that seized digital assets have been placed under ARMA’s management. (…) If criminals use digital tools to conceal illicit proceeds, the State must also be ready to manage these assets effectively,” ARMA said.