Polish prosecutors have charged a fifth suspect as part of a major investigation involving the cryptocurrency exchange formerly known as BitBay, according to CoinDesk. BitBay was renamed Zondacrypto in 2021. The exchange halted trading in April after customers reported frozen withdrawals, with estimated losses of at least $94 million. The latest charge adds to the legal proceedings surrounding the platform and its customers’ alleged losses. No further details about the suspect or the specific allegations were provided in the supplied report. The case highlights the continuing fallout from the exchange’s trading suspension and withdrawal restrictions. Zondacrypto’s history under the BitBay name and the scale of the reported losses have placed the platform at the center of a significant crypto-related probe in Poland.
