Zondacrypto, once Poland’s top crypto exchange, is now at the center of a shocking collapse. The platform is facing serious fraud and money laundering allegations after thousands of users reported they can no longer withdraw their funds. This case involves a staggering 99.7% drop in Bitcoin reserves and has sparked widespread concern over Poland’s largely unregulated crypto market.

A 99.7% Bitcoin Reserve Drop That Set Off the Alarm 

The first clear sign that something was wrong came from an on-chain analysis. On April 6, 2026, money.pl published an investigation built on Recoveris’s on-chain analysis of Zondacrypto, one of the oldest and most popular crypto exchanges in Poland. 

The analysis by Recoveris showed that the crypto…