Polish police on Thursday arrested the head of the Polish Olympic Committee over allegations that he accepted bribes from crypto platform Zondacrypto in exchange for Olympic sponsorship, according to Euronews as cited by Techub News. The Polish government has accused the platform of links to organized crime and Russian intelligence services. Authorities also describe the operation as a Ponzi scheme that caused about 30,000 investors to lose 350 million zloty, roughly €80 million. Zondacrypto, founded in 2014, is no longer trading. Its founder disappeared in 2022 and is now presumed dead. The platform had previously promised cryptocurrency bonuses for medalists at the Milan-Cortina Winter Olympics, but the payments were described as chaotic. Prosecutors said the platform’s management is cooperating in exchange for possible leniency, while investigators are also examining its ties to pro-nationalist media.
Polish police on Thursday arrested the head of the Polish Olympic Committee, accusing him of taking bribes from crypto platform Zondacrypto in exchange for Olympic sponsorship, according to Euronews as cited by Techub News.
The Polish government has alleged that Zondacrypto had links to organized crime and Russian intelligence services. Authorities also described the platform as a Ponzi scheme that left about 30,000 investors with losses of 350 million zloty, or roughly €80 million.
Zondacrypto was founded in 2014. Its founder disappeared in 2022 and is now presumed dead. The platform had promised cryptocurrency bonuses for medal winners at the Milan-Cortina Winter Olympics, but the payments became disorderly.
The platform has now stopped trading. Its management is cooperating with prosecutors in exchange for possible leniency. Prosecutors are also investigating the platform’s ties to pro-nationalist media.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
