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Poltava City Council Deputy Accused of Concealing ₴200M in Crypto Assets

Poltava City Council Deputy Accused of Concealing ₴200M in Crypto Assets

Author:

Global Cryptocurrency

Published:

2025-10-24 15:39:02

11

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BTCCSquare news:

A Poltava City Council deputy faces allegations of failing to declare over ₴200 million (∼$5M) in cryptocurrency holdings across three consecutive annual declarations. The official allegedly used verified accounts on an undisclosed international exchange to obscure transactions, with funds funneled through cash-to-crypto conversions at exchange offices.

Revised 2025 declarations partially disclosed intangible assets but were still deemed materially false. Law enforcement seized financial records, bank cards, and devices during raids on properties linked to the deputy and associates. The case highlights growing regulatory scrutiny of crypto asset reporting among public officials in Ukraine.

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