Polish Crypto Exchange Embroiled in Multi-Million Dollar Scandal

Poland's Zondacrypto is facing a major scandal after its former CEO went missing with private keys to a cold wallet containing 4,500 Bitcoin. The current CEO has admitted that the wallet cannot be accessed, and on-chain data shows the platform's hot wallets have lost nearly all their Bitcoin since mid-2024.

The case has led to accusations of a Ponzi scheme by Polish Prime Minister Tusk, who claims the exchange was funded by Russian-linked capital. The incident has also sparked criticism of the president's decision to veto legislation aimed at regulating crypto trading in Poland.