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{"actor":"system:backfill","investigation_id":"1c3b6597-307f-4a55-9686-b391f90bfc61","kind":"publish","page_slug":"zondacrypto-collapse","published_at":"2026-09-12T23:10:27.741Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Zondacrypto Collapse","sections":[{"content":"Zondacrypto traces its origins to BitBay, a cryptocurrency exchange founded in Poland in 2014 by Sylwester Suszek. Following regulatory pressure from Poland's Financial Supervision Authority around 2018, the operating entity relocated its registration to Estonia and the platform was later rebranded as Zondacrypto, operating under the Estonian entity BB Trade Estonia OÜ, which held a virtual currency service licence (No. FVT000209) valid from October 5, 2020. Suszek disappeared in March 2022 under circumstances that remain unresolved; his family has alleged he was kidnapped or killed, though no court has established a cause of fate. Przemysław Kral subsequently became the exchange's public-facing CEO.","heading":"Background: From BitBay to Zondacrypto","severity":"medium","sources":[{"credibility":2,"name":"Zondacrypto — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Zondacrypto"},{"credibility":2,"name":"Zondacrypto collapse leaves founder missing, CEO abroad — crypto.news","type":"news_article","url":"https://crypto.news/zondacrypto-collapse-leaves-founder-missing/"}]},{"content":"In early April 2026, Polish outlet money.pl published an on-chain investigation conducted with blockchain forensics firm Recoveris showing that Zondacrypto's known hot-wallet Bitcoin holdings had collapsed by approximately 99.7%, from roughly 55 BTC on average around mid-2024 to a small fraction of a bitcoin (reported variously as approximately 0.086-0.18 BTC depending on the measurement date) by March-April 2026. The analysis also identified hundreds of transactions between December 2025 and April 2026 moving over $21 million in cryptocurrency across roughly 30 assets off the exchange, including transfers of Bitcoin to the competitor exchange Kraken. CEO Przemysław Kral responded on April 17, 2026 by pointing to a separate cold wallet holding approximately 4,500 BTC (then worth roughly $300-330 million) as evidence of solvency, but subsequently acknowledged the exchange could not access those funds because the private key was held solely by founder Sylwester Suszek, who had not surrendered it when he reportedly sold the business around 2021. The zondacrypto website went offline on April 23, 2026, an outage the company initially described as a technical issue.","heading":"The 2026 Bitcoin Reserve Collapse","severity":"critical","sources":[{"credibility":2,"name":"Zondacrypto's Shocking Collapse: How Did Poland's Top Crypto Exchange Lose 99.7% of Its Bitcoin? — Disruption Banking","type":"news_article","url":"https://www.disruptionbanking.com/2026/05/14/zondacryptos-shocking-collapse-how-did-polands-top-crypto-exchange-lose-99-7-of-its-bitcoin/"},{"credibility":2,"name":"Zondacrypto: 4,500 Bitcoin Locked as Second CEO Disappears — COINOTAG","type":"news_article","url":"https://en.coinotag.com/zondacrypto-4500-bitcoin-locked-second-ceo-disappears"},{"credibility":2,"name":"Zondacrypto collapse leaves founder missing, CEO abroad — crypto.news","type":"news_article","url":"https://crypto.news/zondacrypto-collapse-leaves-founder-missing/"}]},{"content":"Estonia's Financial Intelligence Unit (FIU) issued a precept on May 18, 2026 partially suspending BB Trade Estonia OÜ's operating licence, barring the company from accepting additional client funds or establishing new business relationships and giving it 30 days to bring operations into compliance. After the company allegedly did not respond to or comply with the precept, the FIU revoked the licence in full on June 29, 2026, citing the Money Laundering and Terrorist Financing Prevention Act (MLTFPA section 75(1)(4)). A court subsequently froze the company's assets on July 27, 2026.","heading":"Regulatory Action: Estonian FIU Licence Suspension and Revocation","severity":"critical","sources":[{"credibility":1,"name":"The Financial Intelligence Unit revokes the operating licence of virtual currency service provider BB Trade Estonia OÜ (Zondacrypto) — Estonian FIU","type":"regulatory","url":"https://fiu.ee/en/news/financial-intelligence-unit-revokes-operating-licence-virtual-currency-service-provider-bb"},{"credibility":1,"name":"The Estonian Financial Intelligence Unit Partially Suspends the Validity of the Operating Licence of BB Trade Estonia OÜ (Zondacrypto) — Estonian FIU","type":"regulatory","url":"https://fiu.ee/en/news/estonian-financial-intelligence-unit-partially-suspends-validity-operating-licence-bb-trade"},{"credibility":2,"name":"Zondacrypto Insolvency: How To File Your Claim In Time — cryptoticker.io","type":"news_article","url":"https://cryptoticker.io/en/zondacrypto-insolvency-file-claim/"}]},{"content":"On August 27, 2026, at 11:00, the Harju County Court in Tallinn declared BB Trade Estonia OÜ insolvent and adjudged its bankruptcy, appointing Margus Lentsius as trustee. The trustee's own analysis has since suggested the company may have been effectively insolvent since as early as late 2022. A first general meeting of creditors was scheduled for September 17, 2026 to confirm the trustee and elect a creditors' committee. Under Estonian insolvency procedure, claims must be lodged within two months of publication of the bankruptcy notice in the official gazette (Ametlikud Teadaanded), giving a filing deadline reported as October 27, 2026. Legal analysts covering the case have estimated that total creditor claims could approach 700 million euros once foreign claimants are counted, a volume some Estonian legal commentators describe as comparable to fifteen to thirty years' worth of typical insolvency filings in the country. The trustee's inventory of recoverable assets remains pending, and multiple law firms advising affected customers have characterized the Estonian bankruptcy estate as likely to hold little recoverable value, with the more consequential proceedings occurring in Poland's parallel criminal investigation.","heading":"Bankruptcy Proceedings and Creditor Claims","severity":"critical","sources":[{"credibility":2,"name":"Zondacrypto Bankruptcy Declared: Deadlines for Creditors — Kancelaria Skarbiec","type":"news_article","url":"https://kancelaria-skarbiec.pl/en/zondacrypto-bankruptcy-declared/"},{"credibility":2,"name":"Zondacrypto operator may have been insolvent since 2022 — CEO.com.pl","type":"news_article","url":"https://ceo.com.pl/en/zondacrypto-operator-may-have-been-insolvent-since-late-2022-trustee-findings-suggest-72889/"},{"credibility":2,"name":"What Happened to zondacrypto and How to Join the Estonian Bankruptcy Proceedings to Recover Your Funds — Magnusson Law","type":"other","url":"https://www.magnussonlaw.com/ee/zondacrypto-collapse/"},{"credibility":2,"name":"Zondacrypto Bankruptcy: How to File a Claim — Lepmets & Nõges","type":"other","url":"https://lepmetsnoges.eu/zondacrypto-bankruptcy-what-do-creditors-need-to-do"}]},{"content":"Polish prosecutors opened a criminal fraud investigation following more than 1,500 customer complaints about suspended withdrawals and inaccessible funds. Officials, including Poland's interior minister, have characterized the platform in comments reported by press as having allegedly functioned, in effect, as a Ponzi scheme, though as of this writing no criminal conviction has been secured and this characterization should be treated as an allegation rather than an adjudicated finding. Reuters-sourced reporting places estimated customer losses at more than 350 million zloty, translated as approximately $96 million (other outlets have reported figures in the $94-97 million / roughly €82-83 million range depending on exchange rate and reporting date), with victim counts cited between several hundred and roughly 30,000 people. By the time of the August 2026 bankruptcy declaration, Polish prosecutors reportedly had secured more than 100 million zloty toward eventual compensation.","heading":"Criminal Investigation and Alleged Fraud","severity":"critical","sources":[{"credibility":2,"name":"Polish prosecutors identify hundreds of possible victims of troubled crypto platform — Notes From Poland","type":"news_article","url":"https://notesfrompoland.com/2026/04/21/polish-prosecutors-identify-hundreds-of-possible-victims-of-troubled-crypto-platform/"},{"credibility":1,"name":"Polish Olympic chief arrested as prosecutors probe suspected crypto-linked bribe — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2026/08/27/polish-olympic-chief-arrested-as-prosecutors-probe-suspected-crypto-linked-bribe"},{"credibility":2,"name":"Zondacrypto Collapse Deepens as Founder Remains Missing and Customers Face $96M Losses — CoinAlertNews","type":"news_article","url":"https://coinalertnews.com/news/2026/08/23/zondacrypto-collapse-executives-disappear"}]},{"content":"Founder Sylwester Suszek disappeared in March 2022 and has not reappeared publicly; his family has alleged he was kidnapped or killed, and a former associate faced charges related to kidnapping and money laundering in connection with the case, though the matter of Suszek's fate remains legally unresolved. Following the April 2026 collapse, CEO Przemysław Kral was reported by Reuters and Polish media to have left Poland for Israel, where he reportedly holds citizenship — a status that could complicate any extradition request, as Israel generally does not extradite its own nationals. Kral was last known to have addressed the crisis publicly around April 16-17, 2026, after which his whereabouts became a subject of ongoing reporting; authorities have not officially confirmed his location or status as a fugitive.","heading":"Missing Founder and CEO Flight Abroad","severity":"high","sources":[{"credibility":2,"name":"Poland Probes Zondacrypto As CEO Reportedly Flees to Israel — Cointelegraph","type":"news_article","url":"https://cointelegraph.com/news/zonda-crypto-ceo-vanish-prosecutor-probe-poland"},{"credibility":2,"name":"Zondacrypto collapse leaves founder missing, CEO abroad — crypto.news","type":"news_article","url":"https://crypto.news/zondacrypto-collapse-leaves-founder-missing/"},{"credibility":2,"name":"Polish Crypto Exchange Zondacrypto CEO Flees to Israel as $97M Fraud Probe Deepens — Bitcoin.com News","type":"news_article","url":"https://news.bitcoin.com/zondacrypto-ceo-flees-israel-97-million-fraud-probe/"}]},{"content":"In April 2026, Polish Prime Minister Donald Tusk alleged in remarks to lawmakers that Zondacrypto's funding was tied to Russian organized crime (referring to the \"Bratva\") and Russian intelligence services, and alleged the company had made substantial donations to Polish right-wing politicians and organizations, including a reported payment of roughly half a million zloty to an institute linked to former justice minister Zbigniew Ziobro. These claims, made amid a domestic political rivalry, have not been independently substantiated in court and should be treated as unverified political allegations. Separately, in August 2026 Polish Olympic Committee president Radosław Piesiewicz was detained by prosecutors investigating whether he accepted a bribe — reportedly including an expensive watch — from Zondacrypto's CEO in exchange for signing a sponsorship deal under which Olympic medalists at the 2026 Winter Games were to receive cryptocurrency prizes. Piesiewicz faced calls to resign from Polish sports federations following the arrest.","heading":"Political Ties and Corruption Allegations","severity":"high","sources":[{"credibility":2,"name":"Poland's Tusk says Russia-linked crypto firm is bankrolling his opponents — crypto.news","type":"news_article","url":"https://crypto.news/polands-tusk-says-russia-linked-crypto-firm-is-bankrolling-his-opponents/"},{"credibility":2,"name":"Polish PM says crypto firm tied to Russian mafia and secret service backed political rivals — The Block","type":"news_article","url":"https://www.theblock.co/post/397889/polish-pm-says-crypto-firm-tied-to-russian-mafia-and-secret-service-backed-political-rivals"},{"credibility":1,"name":"Polish Olympic chief arrested as prosecutors probe suspected crypto-linked bribe — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2026/08/27/polish-olympic-chief-arrested-as-prosecutors-probe-suspected-crypto-linked-bribe"},{"credibility":1,"name":"Polish Olympic Committee president detained in Zondacrypto bribery probe — The Block","type":"news_article","url":"https://www.theblock.co/news/regulation/2026-08-27-polish-olympic-committee-president-detained-in-zondacrypto-bribery-probe-412961"}]},{"content":"Femion Technology, a Polish fintech firm listed on the NewConnect market whose majority shareholder is Zondacrypto CEO Przemysław Kral, filed for bankruptcy at the end of April 2026. Femion's subsidiary TryPay had served as the primary fiat payment gateway processing Polish zloty deposits and withdrawals for Zondacrypto customers, reportedly generating close to 70% of the Femion group's revenue from this relationship. On April 20, 2026, Femion disclosed that TryPay had terminated its payment-services agreement with BB Trade Estonia with immediate effect, stating the move would materially harm the group's financial results, shortly before Femion itself entered insolvency proceedings.","heading":"Corporate Fallout: Femion / TryPay Bankruptcy","severity":"medium","sources":[{"credibility":2,"name":"Zondacrypto-affiliated fintech firm Femion files for bankruptcy in exchange crash fallout — Cryptonews","type":"news_article","url":"https://cryptonews.net/news/market/32804995/"},{"credibility":2,"name":"Zondacrypto chain reaction spreads as Polish fintech Femion files bankruptcy — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/zondacrypto-crash-reaction-femion-bankruptcy/"},{"credibility":3,"name":"Femion & Zonda Crypto: How ownership and operational ties led to a NewConnect crisis — imlovingcrypto.com","type":"other","url":"https://www.imlovingcrypto.com/en/post/femion-zonda-crypto-how-ownership-and-operational-ties-led-to-a-newconnect-crisis"}]}],"sources_used":[{"credibility":2,"name":"Zondacrypto — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Zondacrypto"},{"credibility":2,"name":"Zondacrypto collapse leaves founder missing, CEO abroad — crypto.news","type":"news_article","url":"https://crypto.news/zondacrypto-collapse-leaves-founder-missing/"},{"credibility":2,"name":"Zondacrypto's Shocking Collapse: How Did Poland's Top Crypto Exchange Lose 99.7% of Its Bitcoin? — Disruption Banking","type":"news_article","url":"https://www.disruptionbanking.com/2026/05/14/zondacryptos-shocking-collapse-how-did-polands-top-crypto-exchange-lose-99-7-of-its-bitcoin/"},{"credibility":2,"name":"Zondacrypto: 4,500 Bitcoin Locked as Second CEO Disappears — COINOTAG","type":"news_article","url":"https://en.coinotag.com/zondacrypto-4500-bitcoin-locked-second-ceo-disappears"},{"credibility":1,"name":"The Financial Intelligence Unit revokes the operating licence of virtual currency service provider BB Trade Estonia OÜ (Zondacrypto) — Estonian FIU","type":"regulatory","url":"https://fiu.ee/en/news/financial-intelligence-unit-revokes-operating-licence-virtual-currency-service-provider-bb"},{"credibility":1,"name":"The Estonian Financial Intelligence Unit Partially Suspends the Validity of the Operating Licence of BB Trade Estonia OÜ (Zondacrypto) — Estonian FIU","type":"regulatory","url":"https://fiu.ee/en/news/estonian-financial-intelligence-unit-partially-suspends-validity-operating-licence-bb-trade"},{"credibility":2,"name":"Zondacrypto Insolvency: How To File Your Claim In Time — cryptoticker.io","type":"news_article","url":"https://cryptoticker.io/en/zondacrypto-insolvency-file-claim/"},{"credibility":2,"name":"Zondacrypto Bankruptcy Declared: Deadlines for Creditors — Kancelaria Skarbiec","type":"news_article","url":"https://kancelaria-skarbiec.pl/en/zondacrypto-bankruptcy-declared/"},{"credibility":2,"name":"Zondacrypto operator may have been insolvent since 2022 — CEO.com.pl","type":"news_article","url":"https://ceo.com.pl/en/zondacrypto-operator-may-have-been-insolvent-since-late-2022-trustee-findings-suggest-72889/"},{"credibility":2,"name":"What Happened to zondacrypto and How to Join the Estonian Bankruptcy Proceedings to Recover Your Funds — Magnusson Law","type":"other","url":"https://www.magnussonlaw.com/ee/zondacrypto-collapse/"},{"credibility":2,"name":"Zondacrypto Bankruptcy: How to File a Claim — Lepmets & Nõges","type":"other","url":"https://lepmetsnoges.eu/zondacrypto-bankruptcy-what-do-creditors-need-to-do"},{"credibility":2,"name":"Polish prosecutors identify hundreds of possible victims of troubled crypto platform — Notes From Poland","type":"news_article","url":"https://notesfrompoland.com/2026/04/21/polish-prosecutors-identify-hundreds-of-possible-victims-of-troubled-crypto-platform/"},{"credibility":1,"name":"Polish Olympic chief arrested as prosecutors probe suspected crypto-linked bribe — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2026/08/27/polish-olympic-chief-arrested-as-prosecutors-probe-suspected-crypto-linked-bribe"},{"credibility":2,"name":"Zondacrypto Collapse Deepens as Founder Remains Missing and Customers Face $96M Losses — CoinAlertNews","type":"news_article","url":"https://coinalertnews.com/news/2026/08/23/zondacrypto-collapse-executives-disappear"},{"credibility":2,"name":"Poland Probes Zondacrypto As CEO Reportedly Flees to Israel — Cointelegraph","type":"news_article","url":"https://cointelegraph.com/news/zonda-crypto-ceo-vanish-prosecutor-probe-poland"},{"credibility":2,"name":"Polish Crypto Exchange Zondacrypto CEO Flees to Israel as $97M Fraud Probe Deepens — Bitcoin.com News","type":"news_article","url":"https://news.bitcoin.com/zondacrypto-ceo-flees-israel-97-million-fraud-probe/"},{"credibility":2,"name":"Poland's Tusk says Russia-linked crypto firm is bankrolling his opponents — crypto.news","type":"news_article","url":"https://crypto.news/polands-tusk-says-russia-linked-crypto-firm-is-bankrolling-his-opponents/"},{"credibility":2,"name":"Polish PM says crypto firm tied to Russian mafia and secret service backed political rivals — The Block","type":"news_article","url":"https://www.theblock.co/post/397889/polish-pm-says-crypto-firm-tied-to-russian-mafia-and-secret-service-backed-political-rivals"},{"credibility":1,"name":"Polish Olympic Committee president detained in Zondacrypto bribery probe — The Block","type":"news_article","url":"https://www.theblock.co/news/regulation/2026-08-27-polish-olympic-committee-president-detained-in-zondacrypto-bribery-probe-412961"},{"credibility":2,"name":"Zondacrypto-affiliated fintech firm Femion files for bankruptcy in exchange crash fallout — Cryptonews","type":"news_article","url":"https://cryptonews.net/news/market/32804995/"},{"credibility":2,"name":"Zondacrypto chain reaction spreads as Polish fintech Femion files bankruptcy — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/zondacrypto-crash-reaction-femion-bankruptcy/"},{"credibility":3,"name":"Femion & Zonda Crypto: How ownership and operational ties led to a NewConnect crisis — imlovingcrypto.com","type":"other","url":"https://www.imlovingcrypto.com/en/post/femion-zonda-crypto-how-ownership-and-operational-ties-led-to-a-newconnect-crisis"}],"summary":"Zondacrypto (operated by BB Trade Estonia OÜ, formerly BitBay) was one of Poland's largest cryptocurrency exchanges before its 2026 collapse. On-chain analysis published in April 2026 showed the exchange's operational Bitcoin reserves had fallen by roughly 99.7% since mid-2024, the site went offline that month, and both the exchange's founder and its later CEO became unreachable. Estonia's financial regulator revoked the company's licence in June 2026, a Tallinn court declared it bankrupt on August 27, 2026, and Polish prosecutors opened a fraud investigation estimating customer losses near 350 million zloty (approximately $94-97 million) affecting an estimated 30,000 or more people.","timeline":[{"date":"2014","event":"BitBay, the predecessor to Zondacrypto, is founded in Poland by Sylwester Suszek.","source":"Wikipedia","source_url":"https://en.wikipedia.org/wiki/Zondacrypto"},{"date":"2018","event":"Following pressure from Poland's Financial Supervision Authority, the operating company relocates its registration to Estonia; the platform is later rebranded Zondacrypto.","source":"Wikipedia","source_url":"https://en.wikipedia.org/wiki/Zondacrypto"},{"date":"2020-10-05","date_evidence":"The operating licence issued to BB Trade Estonia OÜ for providing virtual currency services was valid from 5 October 2020 until 29 June 2026.","event":"BB Trade Estonia OÜ receives Estonian virtual currency service licence No. FVT000209.","source":"Estonian FIU / secondary reporting","source_url":"https://fiu.ee/en/news/financial-intelligence-unit-revokes-operating-licence-virtual-currency-service-provider-bb"},{"date":"2022-03","event":"Founder Sylwester Suszek disappears under unresolved circumstances; his family alleges kidnapping. Przemysław Kral later becomes the exchange's public CEO.","source":"Wikipedia / crypto.news","source_url":"https://crypto.news/zondacrypto-collapse-leaves-founder-missing/"},{"date":"2026-04","date_original":"2026-04-05","event":"Polish outlet money.pl publishes an on-chain analysis by forensics firm Recoveris showing Zondacrypto's Bitcoin reserves had fallen roughly 99.7% since mid-2024.","source":"Disruption Banking","source_url":"https://www.disruptionbanking.com/2026/05/14/zondacryptos-shocking-collapse-how-did-polands-top-crypto-exchange-lose-99-7-of-its-bitcoin/"},{"date":"2026-04","date_original":"2026-04-17","event":"CEO Przemysław Kral publicly claims a cold wallet holding roughly 4,500 BTC as evidence of solvency, then acknowledges the exchange cannot access it because founder Suszek held the sole private key.","source":"COINOTAG / crypto.news","source_url":"https://en.coinotag.com/zondacrypto-4500-bitcoin-locked-second-ceo-disappears"},{"date":"2026-04","date_original":"2026-04-20","event":"Femion Technology discloses that its subsidiary TryPay has terminated its payment-processing agreement with BB Trade Estonia (Zondacrypto).","source":"Cryptonews","source_url":"https://cryptonews.net/news/market/32804995/"},{"date":"2026-04","date_original":"2026-04-21","event":"Polish prosecutors report identifying hundreds of possible victims and open a fraud investigation.","source":"Notes From Poland","source_url":"https://notesfrompoland.com/2026/04/21/polish-prosecutors-identify-hundreds-of-possible-victims-of-troubled-crypto-platform/"},{"date":"2026-04","date_evidence":"On April 23rd, 2026, the zondacrypto website was completely taken down","date_original":"2026-04-23","event":"The Zondacrypto website is taken offline; the company initially describes the outage as a technical problem.","source":"Wikipedia","source_url":"https://en.wikipedia.org/wiki/Zondacrypto"},{"date":"2026-04","event":"Femion Technology files for bankruptcy amid the fallout from the loss of its Zondacrypto payment-processing relationship.","source":"Cryptopolitan","source_url":"https://www.cryptopolitan.com/zondacrypto-crash-reaction-femion-bankruptcy/"},{"date":"2026-04","event":"Polish Prime Minister Donald Tusk alleges Zondacrypto is funded by Russian organized crime and intelligence services and has financed Polish right-wing politicians; the claims are unverified.","source":"crypto.news / The Block","source_url":"https://crypto.news/polands-tusk-says-russia-linked-crypto-firm-is-bankrolling-his-opponents/"},{"date":"2026-05","event":"CEO Przemysław Kral is reported by Reuters and Polish media to have left for Israel, where he reportedly holds citizenship.","source":"Cointelegraph","source_url":"https://cointelegraph.com/news/zonda-crypto-ceo-vanish-prosecutor-probe-poland"},{"date":"2026-05-18","date_evidence":"the FIU issued a precept on 18 May 2026 and partially suspended the licence","event":"Estonian FIU partially suspends BB Trade Estonia OÜ's licence, barring new client funds and relationships.","source":"Estonian FIU","source_url":"https://fiu.ee/en/news/estonian-financial-intelligence-unit-partially-suspends-validity-operating-licence-bb-trade"},{"date":"2026-06-29","date_evidence":"On 29 June 2026, the Estonian FIU revoked licence FVT000209 because BB Trade Estonia OÜ allegedly failed to comply with a supervisory precept","event":"Estonian FIU fully revokes BB Trade Estonia OÜ's operating licence.","source":"Estonian FIU","source_url":"https://fiu.ee/en/news/financial-intelligence-unit-revokes-operating-licence-virtual-currency-service-provider-bb"},{"date":"2026-07","date_original":"2026-07-27","event":"An Estonian court freezes BB Trade Estonia OÜ's assets ahead of bankruptcy proceedings.","source":"Kancelaria Skarbiec","source_url":"https://kancelaria-skarbiec.pl/en/zondacrypto-bankruptcy-declared/"},{"date":"2026-08-27","date_evidence":"On 27 August 2026, at 11.00, the Harju County Court in Tallinn adjudged BB Trade Estonia OÜ, the operator of the Zondacrypto exchange, insolvent and declared its bankruptcy","event":"Harju County Court in Tallinn declares BB Trade Estonia OÜ bankrupt and appoints Margus Lentsius as trustee.","source":"Kancelaria Skarbiec","source_url":"https://kancelaria-skarbiec.pl/en/zondacrypto-bankruptcy-declared/"},{"date":"2026-08","date_original":"2026-08-27","event":"Polish Olympic Committee president Radosław Piesiewicz is detained by prosecutors investigating an alleged bribe from Zondacrypto's CEO tied to a sponsorship deal.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2026/08/27/polish-olympic-chief-arrested-as-prosecutors-probe-suspected-crypto-linked-bribe"},{"date":"2026-09","date_original":"2026-09-17","event":"First general meeting of BB Trade Estonia OÜ creditors scheduled in Tallinn to confirm the trustee and elect a creditors' committee.","source":"Kancelaria Skarbiec","source_url":"https://kancelaria-skarbiec.pl/en/zondacrypto-bankruptcy-declared/"},{"date":"2026-10","date_original":"2026-10-27","event":"Reported deadline for creditors to lodge claims in the BB Trade Estonia OÜ bankruptcy proceeding.","source":"Kancelaria Skarbiec","source_url":"https://kancelaria-skarbiec.pl/en/zondacrypto-bankruptcy-declared/"}]},"v":1}