Crypto news report · source clearly identified
Polish prosecutors charge fifth suspect in massive crypto probe
BitBay, rebranded as Zondacrypto in 2021, halted trading in April after customers encountered frozen withdrawals and losses estimated at $94 million.
Polish authorities have expanded a criminal investigation into a major cryptocurrency exchange, charging a fifth individual in connection with the case.
Background of the exchange
The platform originally operated under the name BitBay before rebranding to Zondacrypto in 2021. It served a broad user base in Poland and surrounding regions.
Trading suspension and customer impact
In April, Zondacrypto ceased all trading activity. Users reported that withdrawal requests were frozen, leaving many unable to access their funds.
Financial losses
Preliminary assessments estimate that customers suffered losses of at least $94 million as a result of the exchange’s shutdown.
Legal developments
The latest charge brings the total number of suspects in the investigation to five, indicating a widening scope of alleged wrongdoing.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- September 7, 2026, 3:28 PM
- Original headline
- Polish prosecutors charge fifth suspect in a massive crypto probe