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.
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