The Holosiivskyi District Court of Kyiv has granted a motion by the Prosecutor General’s Office to freeze cryptocurrency assets and electronic funds held across dozens of Binance wallets, alongside accounts at Revolut, Wise, Monese, Erste Bank, and Turkey’s Ziraat Bankasi. The order stems from an ongoing criminal investigation into large-scale money laundering that left Ukraine’s Deposit Guarantee Fund (DGF) with roughly 22.8 billion UAH ($550 million) in losses.
According to investigators, between 2012 and 2015, the former chairman of the supervisory board and majority shareholder of Delta Bank colluded with board members and credit committee officials to issue economically unjustified loans to shell companies. These entities shared corporate addresses, received preferential rates, and provided fake or insufficient collateral. Investigators state the primary objective was not banking profit, but masking non-performing loans and siphoning capital through non-resident offshore banks.
The proceeds were subsequently laundered into real estate, land plots, securities, luxury vehicles, and corporate rights. Identified domestic assets include over 300 hectares of agricultural and development land across the Kyiv, Ivano-Frankivsk, and Chernihiv regions, commercial and residential properties in Kyiv, and reported real estate interests in occupied Crimea.
The investigative details mirror long-standing allegations against former Delta Bank owner Mykola Lagun, who was placed on an international wanted list after fleeing to Vienna. Delta Bank was declared insolvent in March 2015. On September 20, 2025, Ukraine’s National Security and Defense Council imposed a 10-year sanction package against Lagun, freezing his assets and blocking capital transfers.
«Leasing out the real estate and land portfolio generated at least $200,000 in untaxed monthly cash flow. These proceeds were routinely converted into cryptocurrency and funneled to trusted nominees, or reinvested back into real estate,» prosecution filings reveal.
Despite sanctions and international warrants, operations persisted locally. Law enforcement uncovered a hidden «back-office» in Kyiv run by former bank executives and legal counsel—specifically former head of legal Denys Tarasiuk via the BeRight Advocacy firm, and associate Maksym Chernov. The office managed shadow finances and corporate entities registered under front figures.
The court order targets Binance accounts belonging to eight designated proxies under entities including Nest Exchange, Nest Clearing and Custody, and Nest Trading Limited. Additionally, the court froze Revolut, Wise, Monese, Erste Bank, and Ziraat Bankasi accounts directly registered to the alleged organizer.
On July 20, 2026, investigators formally designated the seized electronic funds and crypto wallets as physical evidence in the criminal proceedings. Meanwhile, the Deposit Guarantee Fund’s 22.8 billion UAH civil lawsuit against Delta Bank’s former leadership remains under appeal.