Investigation: Links between Kristalbank, Rivkin Group Transfers, and Swiss Assets

The Bank's Ownership Structure and History

The financial institution Kristalbank (Unified State Register of Legal Entities code 39544699, Bank Identification Code 339050) was established in December 2014 based on the remnants of Terra Bank. Currently, Marina Lenyn, the wife of Vadym Kopylov, owns half of the shares (50%). Kopylov, who previously served as Deputy Minister of Finance and Acting Minister of Economy, now heads the bank's supervisory board. The remaining shareholdings are distributed between Oksana Hrebinska (25.000002%) and Leonid Hrebinsky (24.999997%), who simultaneously manages the institution's board of directors.

It is worth noting that before the creation of Kristalbank, Marina Lenyn oversaw Terra Bank. Kyrylo Shevchenko, the future head of the National Bank of Ukraine, also featured in the latter's history. He owned 33% of the Ukrainian Strategic Group, which controlled 99.21% of Terra. Later, Shevchenko received a suspicion notice from the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialised Anti-Corruption Prosecutor's Office (SAP) in a case involving the siphoning of UAH 206 million from Ukrgazbank, left Ukraine, and became a fugitive.

Links to the Rivkin Group's Financial Schemes

Kristalbank is currently mentioned in materials describing the financial operations of the group led by Dmytro Rivkin and Anton Skorobohatov. According to published documents, this bank processed payments within a scheme built on a chain of Ukrainian financial companies, importers, and foreign legal entities.

The mechanism involved hryvnia flowing to Ukrainian structures, being converted into foreign currency, and then the funds being sent to the Swiss company Done Switzerland AG. Among the key participants in this scheme is the company Supply Chain Finance (SCF). In 2025, SCF issued bonds with a nominal value of UAH 180 million. As of 2026, 70% of SCF belonged to Rivkin, while 30% belonged to the "KASL" fund (formerly known as "DANN GROUP"). The documents also mention the Polish company KOOPERANT EUROPEJSKI and Ukrainian enterprises: Globinex, Motoroz Parts Ukraine, Commodities, Hampton's Trade, and TBS.

The Swiss Level: Done Switzerland AG and Cryptocurrency

The final destination for the flow of funds is Done Switzerland AG (CHE-363.272.422), which was previously named Alltag und Gerätetechnik. Dmytro Rivkin was listed among the company's executives and held individual signing authority. According to financial statements, the company's assets amounted to CHF 30.33 million, while its liabilities stood at CHF 27.77 million.

Particular attention is drawn to a cryptocurrency transaction. Three packages of USDT stablecoins were contributed to the Swiss company's charter capital: 504,376, 504,415, and 511,512 units. In total, this amounts to 1,520,303 USDT. Shares were issued against this cryptocurrency, allowing the company's capital to increase from CHF 520,000 to CHF 1.75 million. Thus, digital assets were transformed into a stake in a Swiss legal entity.

Kristalbank's Financial Condition and Regulator Actions

Indicators for Kristalbank itself indicate its modest scale: at the beginning of 2026, net assets stood at approximately UAH 2.9 billion. In 2025, the bank recorded a loss of UAH 43 million, and its cost-to-income ratio (CIR) reached 109%.

The National Bank of Ukraine has already applied measures of influence to Kristalbank due to violations of requirements in the field of financial monitoring and countering the laundering of proceeds from crime. Thus, in this story, specific names and large sums intertwine: Vadym Kopylov heads the supervisory board, his wife Marina Lenyn owns 50% of the shares, Leonid Hrebinsky manages the bank alongside Oksana Hrebinska, who hold the other half. The group of Dmytro Rivkin and Anton Skorobohatov is linked to the company SCF, which placed bonds worth UAH 180 million, while funds flowed to Done Switzerland AG, where 1.52 million USDT was contributed to the capital.

Through such a chain structure—from Ukrainian hryvnia through affiliated companies and currency purchases to transfers to Switzerland and conversion into cryptocurrency—money changes its legal form and jurisdiction. Meanwhile, the bank through which these payments passed had previously received measures of influence from the NBU specifically for issues in financial monitoring.