📌 MAROKO133 Hot crypto: $5 Million Crypto Scandal Exposes Ukraine’s Anti-Corruptio
A Ukrainian local politician is facing criminal charges for hiding nearly $5 million worth of crypto assets from financial disclosures.
This is the latest case showcasing a significant systemic weakness in Ukraine’s anti-corruption oversight and how it tracks cryptocurrency declarations.
Deputy Accused of Hiding $4.7 Million in Crypto Assets
Authorities are investigating a Poltava City Council officer suspected of deliberately making false statements on his mandatory financial disclosures.
Reports indicate that Deputy Oleksandr Kalutskyi failed to declare cryptocurrency totaling over 200 million hryvnia, or approximately $4.77 million. The concealed assets allegedly belonged to both Kalutskyi and his close relatives.
The failure to declare the cryptocurrency spanned three consecutive years, from 2022 to 2024. Although Kalutskyi later submitted updated financial documents for 2025 listing some virtual assets, investigations by Ukraine’s Security Service and the National Police determined that this revised data was also unreliable.
If convicted, Kalutskyi faces up to two years in prison and the potential inability to hold public office for up to three years.
A Blind Spot in Financial Oversight Exposed
The criminal investigation into Kalutskyi highlights a particular vulnerability in Ukraine’s anti-corruption framework.
Last month, Ukraine’s National Anti-Corruption Agency (NAPC) revealed that it does not keep separate records or statistics for cryptocurrency assets listed in declarations or false crypto disclosures.
Public officials must list digital assets under an “intangible assets” section. However, the NAPC confirmed that its internal systems are not currently designed to specifically account for this information.
The absence of a dedicated NAPC crypto-tracking mechanism may make it easier for public officials to misrepresent digital asset ownership. Kalutskyi’s case was reportedly exposed not through the NAPC’s routine review process but by cyber specialists from the Security Service and National Police investigators.
The need to rely on specialized law enforcement units to track down crypto-related corruption suggests that the NACP’s current approach to tax evasion has a blind spot regarding virtual assets.
The post $5 Million Crypto Scandal Exposes Ukraine’s Anti-Corruption Blind Spot appeared first on BeInCrypto.
🔗 Sumber: www.beincrypto.com
📌 MAROKO133 Hot crypto: Cardano Achieves Several Milestone This Month, But Price R
Cardano’s price has been stagnating for several weeks, but the network has strong retail support. ADA reached 115 million on-chain transactions this week, and the Cardano network avoided any damage from the AWS outages.
There’s still a lot of community support, as evidenced by Cardano’s market cap and high rate of staked tokens. Whale activity may be blunting its forward momentum, but there could be other explanations.
Why is Cardano’s Price Lagging?
Cardano attracts a lot of community hype, and for good reason. In the last few days, the proof-of-stake blockchain network has reached a lot of milestones.
Although ADA’s token price hasn’t reacted much, on-chain analysts noted that Cardano’s user activity is through the roof.
This activity can be measured in several key ways beyond on-chain transactions. Cardano holders are staking 21.8 billion ADA tokens, which is 57% of the total supply.
In other words, the community has a strong faith in the altcoin, hoping to earn passive income from Cardano in addition to benefiting from price increases.
Furthermore, the recent AWS outages showed that the blockchain has real decentralization. Although major industry leaders like Ethereum and Coinbase saw persistent problems during this period, highlighting their centralized infrastructure, Cardano remained strong:
Despite these advantages, we have to talk about the elephant in the room. Although Cardano’s market cap has shown remarkably consistent competitiveness over the last several years, its price has been lagging behind for weeks.
A Case for Whale Activity
A few competing theories have arisen to explain Cardano’s price doldrums. For one thing, large holders can be a mixed bag. Although ADA whales backed the token despite bearish signals, they’ve recently initiated massive sales to block price rebounds. Whenever Cardano gets some forward momentum, rampant profit-taking subsequently blunts it.
Overall, this seems like the most likely hypothesis. Similar behavior has popped up several times in recent months, whereas other explanations involve macroeconomic concerns and other factors.
ADA has also shown some signs of weakening retail interest, even though on-chain transactions and staked tokens remain strong. Ultimately, we can only narrativize the data we have, but market narratives are still crucially important.
Whatever is causing Cardano’s ongoing price woes, the token still has strong support and fundamentals. Although it’s impossible to predict a full rebound, ADA still has strong community support to capitalize on any near-term bullish cycle.
The post Cardano Achieves Several Milestone This Month, But Price Remains Depressed appeared first on BeInCrypto.
🔗 Sumber: www.beincrypto.com
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