European Crypto Exchange Zondacrypto Collapses, CEO Hiding in Dubai Amid $100M+ Customer Losses

According to Polish media Onet Wiadomości, Zondacrypto, a recently collapsed European crypto exchange, has left customers with losses exceeding $100 million. The exchange's CEO Przemysław Kral and the actual operator, a man known as "Maniek," are reportedly hiding in Dubai. Kral had been missing since the exchange's reserves dropped over 99%, previously believed to be in Israel but confirmed to be in the United Arab Emirates. The exchange, formerly BitBay founded in 2014, was rebranded as Zondacrypto in 2021 and operated from Estonia. Approximately 30,000 Polish citizens may be affected.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments