The Ukrainian Pechersk District Court has ordered the transfer of approximately $13.5 million in seized cryptocurrency assets to the Asset Recovery and Management Agency (ARMA) for further management and potential auctioning. This decision stems from a fraud investigation that linked these cryptocurrencies to fraudulent activities involving digital wallets registered on Binance. The court’s ruling mandates ARMA’s involvement in managing the assets, while Binance will ensure their transfer. The move highlights the role of international cryptocurrency exchanges in this process. 💰 This action has implications for the cryptocurrency market, specifically impacting trade activity on Binance. This case signals a shift towards stricter regulation with potential for increased regulatory scrutiny and compliance requirements for exchanges.