Cryptocurrency Worth $1.5M Seized From Former Ukrainian Head of State Communications
Summary
The National Anti-Corruption Bureau of Ukraine (NABU) has confiscated $1.5 million worth of cryptocurrency from Yuriy Shchigol, the former head of the State Special Communications Service, in a seizure supported by the Supreme Anti-Corruption Court. Shchigol and his deputy, Viktor Zhor, are alleged to have misused state funds intended for equipment and software purchases, converting the proceeds into cryptocurrency. A number of companies reportedly assisted in concealing these conversions. Shchigol is now in custody as law enforcement investigate the case.
