Mastermind Behind the Collapse of European Crypto Exchange Zondacrypto Allegedly Hiding in Dubai

According to Cryptopolitan, the actual controller of the recently collapsed European crypto exchange Zondacrypto is reportedly hiding in Dubai, with customer losses potentially exceeding $100 million. Polish media outlet Onet Wiadomości revealed that Zondacrypto's official representative is in Dubai alongside a man nicknamed 'Maniek,' who is the true operator of the crypto business, while CEO Przemysław Kral is merely a 'front figure.' Kral disappeared after the company was exposed for having reserves drop by over 99%, previously believed to have fled to Israel, but now confirmed to be in the UAE. The exchange was originally founded in 2014 as BitBay, taken over by Kral in 2021, renamed Zondacrypto, and relocated to Estonia for operations.