Polish prosecutors charge fifth suspect in a massive crypto probe
60-second summary
Polish prosecutors have filed charges against a fifth suspect in the sprawling crypto‑exchange investigation, targeting the former BitBay platform, rebranded as Zondacrypto in 2021; the exchange halted trading in April after users reported frozen withdrawals and losses estimated at $94 million, prompting heightened regulatory scrutiny and signaling tighter enforcement that could pressure European crypto‑trading firms.
BitBay became Zondacrypto in 2021. The exchange stopped trading in April after customers faced frozen withdrawals and estimated losses of at least $94 million.