Ukraine Freezes Crypto, Bank Accounts in Delta Bank Investigation
Ukraine's investigation into Delta Bank has expanded to include cryptocurrency and electronic money transactions. The case involves dozens of accounts and wallets that may have been used to launder funds linked to the bank's former owner Mykola Lahun.
The investigating judge granted a motion from the Office of the Prosecutor General, freezing cryptocurrency and electronic funds in Binance, Revolut, Wise, Monese cards, Erste Bank, and Ziraat Bankasi. Eight individuals' Binance wallets were seized, with some holding multiple accounts.
According to investigators, Lahun and others organized a lending system at Delta Bank between 2012-2015 that lacked economic rationale. Loans were issued to connected entities with preferential terms, while collateral was insufficient or fictitious.