Oleksandr Slobozhenko and $1,4 million in cash without documents

In Kyiv on 20 November 2025, during investigative actions at the crypto exchange Exbid Exchange, more than $1,4 million, 5,82 million UAH, €16 625 and £40 were seized, and the financial statements of the company “IKIGAI GROUP,” among whose former co-owners was Oleksandr Slobozhenko, showed 79,49 million UAH in assets with an annual income of only 189,8 thousand UAH. These facts have come into focus amid an analysis of the business ties of Slobozhenko’s former partners, the activities of cryptocurrency brands, and the multi-million turnovers of related enterprises.

According to the decision of the Pecherskyi District Court dated 24 December 2025, the funds seized at Exbid Exchange were ordered to be transferred to the management of the Agency for the Search and Management of Assets (ARMA) within criminal proceeding No.12025000000001400, media report. According to the investigation, the cash was not reflected in the exchange point’s daily reporting, and documents on its origin were absent. The owner of the exchange point, whose name is anonymized in the court materials, was notified of suspicion of crimes related to creating a criminal organization and fraud. The court decision does not establish Slobozhenko’s involvement in these circumstances. The ExBid trademark is registered to Prokhor Huz and Vladyslav Miroshnichenko. Huz also owns the brand cryptomannn. The name ExBid also appears in another criminal proceeding — regarding possible embezzlement during repairs of the Pivdennyi Bridge. According to the investigation materials, one of the figures conducted operations through ExBid and another exchange for $682 thousand and 1,4 million UAH, converting funds into cryptocurrency and transferring them to Binance wallets. From his bank safe deposit box they also seized $300 thousand, €200,6 thousand and two metal ingots. At the same time, court documents do not establish that these funds belong to the owners of ExBid or their connection to Oleksandr Slobozhenko. Another financial anomaly is traceable in the reporting of “IKIGAI GROUP,” registered at an apartment on Lesia Ukrainka Boulevard, 2, in Kyiv. For the results of 2025 year the company declared 79,49 million UAH in assets and 40,58 million UAH in liabilities, but received only 189,8 thousand UAH in income and ended the year with a loss of 1,005 million UAH. With one employee, the company’s assets were approximately 419 times greater than its annual income. Such a discrepancy draws attention to the structure of the company’s property, the sources of its formation, and the composition of liabilities, but by itself does not prove illegal origin of assets. Previously, among the co-owners of “IKIGAI GROUP” were Oleksandr Slobozhenko, Yevhen Trusov, Vitalii Dukhopelov, Vladyslav Miroshnichenko and Mykhailo Uvarov. Slobozhenko was removed from the list of participants on 30 May 2024. In July 2025 the company’s authorized capital was increased to 40 million UAH, and on 7 May 2026 Trusov, Dukhopelov and Miroshnichenko also left the founders. Later the capital was reduced to 14 million UAH. According to the provided data, the current owners are Oleksandr Horkushyn with a share of 54,29% and Maksym Yakupov with a share of 45,71%. Financial indicators of other companies in this business circle also show significant turnovers and profits with a small number of employees. Four enterprises over 2025 years jointly received 13,47 million UAH in income and 5,87 million UAH in net profit. “INDUSTRIAL RETAIL,” associated with Miroshnichenko, reported 5,71 million UAH in income and 1,05 million UAH in profit. Previously it was named “Kokhnivskyi Quarry,” and its main activity is still related to timber trading. At the same time the company appears in the offer of the crypto-educational project Mirror Reflection, which offered courses for $399 and $4999 and a monthly subscription for $99.

“COMMUNITY CLOUD KEEPER,” associated with Trusov, received 3,10 million UAH in income and 2,06 million UAH in profit. Profitability by the indicated figures was about 66,5%. “SAXES EDS,” associated with Dukhopelov, showed 2,97 million UAH in income and 1,70 million UAH in profit, while “IMPACT INNOVATION,” associated with Uvarov, — 1,69 million UAH in income and 1,05 million UAH in profit. The last company had one employee. Its registered address is on Jones Gareth Street, 8, in Kyiv. Another company, “FRAGMENT AGENCY,” associated with Huz and Oleksandr Shatun, with an authorized capital of 1 thousand UAH received 2,59 million UAH in income, but its profit was only 13,9 thousand UAH. The company’s liabilities reached 146,5 thousand UAH against assets of 61,5 thousand UAH. Such a balance structure means that, by the provided data, liabilities more than doubled assets. Mykhailo Uvarov controls 67% of the company “ECO SAPROPEL,” which produces fertilizers. The remaining 33% belongs to director Viktor Kolchynskyi. With an authorized capital of 3,95 million UAH the enterprise did not report income for two years, while recording losses of 800 thousand and 1,45 million UAH. Liabilities grew to 865 thousand UAH. The company “BILYARDNA,” associated with Trusov, with turnover of 2,54 million UAH incurred a loss of 422 thousand UAH. Trusov also heads the rugby club “Kyiv,” and in August 2026 he left the list of participants of “JED TECHNOLOGY.” Particular attention is required for the “FUND 1654,” which has been operating since 1999. In February 2023 the founders became Trusov, Dukhopelov and Uvarov, and Miroshnichenko was appointed director. In October the fund was renamed, and Uvarov was removed from the list of founders. The organization’s income was 9,07 million UAH in 2024 and 4,48 million UAH in 2025. With assets of 4,06 million UAH liabilities equaled 4,057 million UAH. The staff had one employee. The fund owns the company “ATD” with an authorized capital of 250 UAH. In September 2025 Miroshnichenko signed a memorandum with Taras Shevchenko National University of Kyiv. The collection of figures above raises questions about ownership structure, the real economic activity of certain enterprises, the origin of assets and the flow of funds between companies. However, financial statements, joint participation in business or mention of a trademark in criminal case materials are not automatic proof of illegal activity. To establish possible violations it is necessary to verify primary accounting documents, banking operations, contracts, sources of financing and actual beneficiaries. Regarding Oleksandr Slobozhenko, the key fact remains his former participation in “IKIGAI GROUP,” whose financial indicators differ substantially in the scale of assets and annual income. At the same time, the provided materials contain no evidence that the funds seized at ExBid belong to Slobozhenko, that the companies’ assets share a common origin, or that the individuals mentioned acted within a single unlawful scheme. Such conclusions require the results of official audits and financial links confirmed by documents.