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Polish court detains fifth suspect in Zondacrypto exchange probe

The probe has left 1.3 million clients unable to access funds after the exchange’s two chief executives disappeared.

Reported · Written up by our desk · Market Structure

According to Decrypt, a Polish court has detained a fifth suspect in the investigation into the Zondacrypto cryptocurrency exchange.

The outlet said the exchange’s two chief executives have now vanished, four years apart, contributing to a prolonged disruption for users.

Decrypt reported that the situation has left 1.3 million clients locked out of the exchange.

The report characterizes the case as an ongoing enforcement action tied to the exchange’s operations and the inability of customers to access their holdings.

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