The Asset Recovery and Management Agency (ARMA) has received seized funds for management in a criminal case involving fraud conducted via the TikTok platform.

The funds were seized within the framework of criminal proceedings initiated on the grounds of their fraudulent acquisition. The perpetrators misled individuals by promising profits in exchange for participation in a quiz allegedly hosted on TikTok.

As a result of coordinated efforts between ARMA’s Central-Western Interregional Territorial Office, the District Prosecutor’s Office of Khmelnytskyi, and Police Department No. 1 of Khmelnytskyi, under the Main Directorate of the National Police in Khmelnytskyi Oblast, the following amounts were placed in ARMA’s deposit account:

▪️ 4,000 USD
▪️ 532,000 UAH

The total equivalent value amounts to 698,000 UAH.

The funds were transferred to ARMA for management pursuant to a ruling by the Khmelnytskyi City District Court of Khmelnytskyi region.

ARMA’s deposit portfolio continues to grow thanks to effective cooperation with law enforcement agencies across Ukraine. All these funds are directed toward supporting the national economy and Ukraine’s defense capability.