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Tether and Bitcoin Dominate Ukraine Officials’ Crypto Holdings

  • The number of Ukraine’s officials disclosing crypto assets has more than doubled since Russia’s invasion, with Tether and Bitcoin as the most popular holdings.
  • Tether (USDT) leads with 802 filings, while Bitcoin and Ethereum follow closely behind as the top declared assets by Ukrainian government employees.
  • Several former top Ukrainian officials have disclosed substantial crypto holdings, though some have also reported losing access to their digital wallets amidst ongoing conflict.
  • The rising number of Ukrainian officials declaring their holdings in cryptocurrency is more than twofold from the beginning of Russia’s full-scale invasion in 2022, with stablecoin Tether (USDT) and Bitcoin (BTC) becoming the two most popular digital assets used by government employees.

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