Ukraine Loses Billions in Cryptocurrency Crimes, Facing Growing Threat of Crypto-enabled Crime

A new report by the Royal United Services Institute (RUSI) reveals that Ukraine has suffered over $10 billion in cryptocurrency-related crimes, driven by stolen funds, tax evasion, and money laundering. The UK-based security think tank warns that without swift reforms, Ukraine could become a haven for crypto-enabled crime, with many cases linked to Russian networks. The report highlights the risks associated with over-the-counter (OTC) cryptocurrency trades, illegal financing schemes, and money mule networks. These activities pose significant national security and financial crimes risks.