Polish digital asset exchange Zondacrypto faces collapse amid fraud investigation

According to Bloomberg, Zondacrypto, Poland’s largest digital asset trading platform, stated that it is on the verge of collapse after attracting approximately $100 million in deposits from Polish users and has suspended services for customer accounts. Poland’s National Public Prosecutor’s Office has launched an investigation into alleged fraud. The report notes that Zondacrypto is registered in Estonia, and its collapse is exerting political pressure on allies of Donald Trump at the Polish Presidential Palace.