Personal wealth declarations filed by politicians and government officials in Ukraine have shown that many have made significant investments in cryptocurrency. However, some of them were unable to prove or account for their digital holdings, local media reported.
Legislators lose over 40 BTC with stolen vehicle in Ukraine
Dmitry Gurin, a member of the Ukrainian Parliament of the People’s Servants of President Zelenskyi, allegedly lost a significant amount of cryptocurrency to car thieves, according to an examination of his 2020 statement quoted by the Slovo i Dilo portal. The MP claims the digital money was stored on a hardware wallet that went missing with his car, which was stolen earlier this year.
Data submitted by lawmakers showed his wife Maria Saltykova had 42 BTC worth an estimated 22.5 million hryvnia last year (around $ 840,000 at current hryvnia rates, or over $ 2 million at BTC prices at the time) of the letter), reported Forklog. The Ukrainian National Agency for the Prevention of Corruption (NAPC) said Gurin did not provide any documents confirming the accuracy of this information.
The parliamentarian, who has run his own advertising company for the past decade, made an oral statement that the vehicle would be on the 21st. He added that the case would be investigated by police in the eastern Ukrainian city of Dnipro.
Gurin is no exception in the Ukrainian political elite. In early September, it became known that the head of the State Regulatory Service (SRS), Oleksiy Kucher, had failed to prove possession of an even larger crypto supply. According to his statement filed in December when he left the post of governor of Kharkiv Oblast, Kucher had 77 BTC worth about 13.1 million hryvnia (nearly $ 490,000 at current hryvnia rates) at the time of purchase.
If the coins had been sold at the time of writing, they would have returned more than $ 3.7 million. Tax returns show that the civil servant and his family members have earned less than 1 million hryvnia (about $ 37,000) in wages in the past two decades since 2001. NAPC believes this suggests that Kucher misrepresented his ownership of the cryptocurrency. In a September 6 press release, the agency stated:
Bitcoin has a public address that confirms that it belongs to a specific person. The head of the SRS was unable to provide a public cryptocurrency address.
In their 2020 wealth declarations, 652 officials in Ukraine have admitted a total of 46,351 BTC (worth more than $ 2.2 billion) among other cryptocurrencies like ETH, LTC, BCH and XMR, the Openatabot platform, the public Register monitored, own, revealed. This spring, the National Agency for Prevention of Corruption promised to review these numbers.
Do you expect more Ukrainian officials to fail to prove ownership of declared cryptocurrency assets? Let us know in the comments section below.
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