Poland charges fifth suspect in $94M crypto exchange fraud probe

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Polish prosecutors have charged a fifth suspect in connection with a major cryptocurrency fraud investigation. The case centres on Zondacrypto, a crypto exchange formerly known as BitBay, which rebranded in 2021. The platform halted all trading activity in April after customers found themselves unable to withdraw their funds. Estimated customer losses from the frozen withdrawals stand at a minimum of $94 million.

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