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Polish Olympic Chief Charged in Zondacrypto Probe Amid Insolvency Allegations

Guavy AI Editorial Team
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Polish prosecutors have charged Radosław Piesiewicz, the president of the Polish Olympic Committee, in connection with an investigation into defunct cryptocurrency exchange Zondacrypto.

Piesiewicz was detained by authorities and is facing allegations of influence peddling and favoring some creditors over others while the exchange faced insolvency.

The allegations include Piesiewicz recovering all his invested funds through Zondacrypto, while thousands of other customers were unable to withdraw their money. The exchange stopped trading in April 2025 due to a liquidity crisis.

Zondacrypto's then-CEO Przemysław Kral has reportedly been charged with participating in large-scale fraud and is cooperating with investigators to receive a reduced sentence.

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