Polish Fraud Probe Deepens as Zondacrypto CEO Flees to Israel, $97M Missing

Polish prosecutors have escalated a criminal fraud probe into Zondacrypto after CEO Przemysław Kral fled to Israel, hindering extradition due to his citizenship. A cold wallet with 4,500 BTC (≈$340M) remains inaccessible, alongside $97M (350M PLN) in alleged losses affecting up to 30,000 users. The crisis erupted on April 22 with Kral's disappearance, frozen withdrawals, thousands locked out, and hot-wallet balances down 99% since mid-2024, fueling crypto fear, selling pressure, and regulatory contagion risks.