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08.05.26 - 10:24
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Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign (ZeroHedge)
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Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign
Authored by Thomas Brooke via Remix News,
Hungary has returned money and valuables belonging to Ukrainian state-owned bank Oschadbank after authorities seized the shipment earlier this year while it was being transported from Austria to Ukraine.
Ukrainian President Volodymyr Zelensky announced the return on Telegram on Wednesday, saying the assets had been seized by Hungarian special services in March, a move he claimed had been unjustified.
“Today, the funds and valuables of Oschadbank, seized by Hungarian special services in March of this year, were returned,” Zelensky wrote.
“I thank Hungary for the constructive and civilized step,” he added.
The shipment, which reportedly included cash and gold belonging to Oschadbank's Ukrainian branch, was stopped by Hungarian authorities during a period of high tension between Budapest and Kyiv.
Hungarian officials said at the time that the bank workers involved were sus...
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09.03.26 - 09:16
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Hungary Detains Ukrainians Transporting 10s Of Millions In Cash & Gold (ZeroHedge)
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Hungary Detains Ukrainians Transporting 10s Of Millions In Cash & Gold
Authored by Thomas Brooke via REMIX,
Hungarian authorities have detained seven Ukrainian citizens and seized tens of millions of dollars, euros, and gold that were being transported through the country in armored vehicles, triggering the latest diplomatic dispute between Budapest and Kyiv.
Hungary's National Tax and Customs Administration (NAV) confirmed on Friday that criminal proceedings had been launched on suspicion of money laundering following an operation carried out on March 5. Authorities intercepted two armored cash-transport vehicles traveling through Hungary from Austria toward Ukraine.
According to the Hungarian authorities, the vehicles were carrying approximately $40 million, €35 million in cash, and 9 kilograms of gold.
Hungarian Foreign Minister Péter Szijjártó said the case raised serious questions about the movement of large quantities of physical cash through the country.
“Since January, a total ...
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07.03.26 - 12:12
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Hungary seizes millions of euros in cash and gold from Ukrainian convoy (The Guardian)
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Seven Ukrainians arrested and money-laundering investigation launched in latest spat between Kyiv and BudapestAn increasingly acrimonious spat between Hungary and Ukraine has escalated further, as Budapest impounded two Ukrainian armoured bank vehicles carrying millions of euros of hard cash as well as bars of gold.Seven Ukrainian citizens accompanying the convoy were also arrested. Hungarian officials said the detained Ukrainians had intelligence links and suggested the money could be of dubious origin, while Ukraine's foreign minister, Andrii Sybiha, accused Budapest of “taking hostages and stealing money”. Continue reading......
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27.11.25 - 13:27
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Tether′s 116-Ton Gold Hoard Rivals Reserves Of Korea And Hungary: Jefferies (ZeroHedge)
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Tether's 116-Ton Gold Hoard Rivals Reserves Of Korea And Hungary: Jefferies
Authored by Amin Haqshanas via CoinTelegraph.com,
Stablecoin issuer Tether holds 116 tons of physical gold, placing it on par with central banks such as those in South Korea, Hungary and Greece.
Tether is “the largest holder of gold outside central banks,” Jefferies wrote in a recent analysis, per a report by the Financial Times. The investment bank added that Tether's growing appetite for gold may be playing a larger role in the metal's recent surge than previously assumed.
According to Jefferies, Tether's gold purchases last quarter accounted for nearly 2% of total global gold demand and almost 12% of central bank purchases. The company said that Tether's aggressive accumulation over the past two months “is likely to have tightened supply in the short term and influenced sentiment,” potentially driving speculative inflows into gold markets.
Investors cited by Jefferies said Tether aims to acquire anoth...
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