All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to Crypto & Digital Assets

Polish Olympic chief charged in Zondacrypto probe

Created at 28 Aug · 1:30 PM1 source↑ Market-relevant
IN SHORT

Radosław Piesiewicz, president of the Polish Olympic Committee, has been charged by prosecutors in connection with the collapsed Zondacrypto exchange. He faces allegations of influence peddling and favoring creditors.

Key Numbers

4,500Bitcoin inaccessible due to lost private keys

Who's Involved

Radosław Piesiewicz
President of the Polish Olympic Committee, charged in Zondacrypto probe
Waldemar Żurek
Poland's Justice Minister and Prosecutor General
Przemysław Kral
Former CEO of Zondacrypto, charged with fraud
Zondacrypto
Defunct cryptocurrency exchange

↳ Why This Matters

The charges against the head of the Polish Olympic Committee highlight potential financial misconduct and fraud within the cryptocurrency sector, impacting both investors and institutional partnerships.

Key facts

  • Polish Olympic Committee president Radosław Piesiewicz has been charged by prosecutors.
  • The charges are related to the collapsed cryptocurrency exchange Zondacrypto.
  • Piesiewicz faces allegations of influence peddling and favoring certain creditors.
  • He is accused of recovering his own funds while other customers could not access theirs.
  • Zondacrypto halted trading in April due to a liquidity crisis.

Polish prosecutors have charged Radosław Piesiewicz, the president of the Polish Olympic Committee, in an investigation linked to the defunct cryptocurrency exchange Zondacrypto. The charges, announced by Poland's Justice Minister and Prosecutor General Waldemar Żurek, include influence peddling and favoring certain creditors while facing insolvency.

According to reports, Piesiewicz allegedly recovered all his invested funds through Zondacrypto, while thousands of other customers were unable to withdraw their money. Zondacrypto, which became a general sponsor of the Polish Olympic Committee in October 2025, stopped trading in April amid a liquidity crisis. At that time, then-CEO Przemysław Kral stated that the exchange could not access approximately 4,500 Bitcoin due to lost private keys. Kral has reportedly been charged with participating in large-scale fraud and is cooperating with investigators.

Frequently asked questions

Radosław Piesiewicz is the president of the Polish Olympic Committee. He has been charged by prosecutors in connection with the Zondacrypto investigation.

Piesiewicz faces charges of influence peddling and favoring some creditors over others while facing insolvency, according to Poland's Justice Minister.

Zondacrypto stopped trading in April due to a liquidity crisis. Its former CEO stated that the exchange could not access about 4,500 Bitcoin because the private keys were lost.

What Happens Next

01Prosecutors will continue investigating Piesiewicz's alleged involvement with Zondacrypto.
02Przemysław Kral is expected to cooperate with investigators for a reduced sentence.
CME Headlines
  • Bitcoin futures break $80,000 as consumer confidence drops.
    25 Aug · 6:57 PM
  • Bitcoin futures break $80,000 as consumer confidence drops.
    25 Aug · 6:57 PM
  • Can Bitcoin's Long-Term Catalysts Overcome Recent Headwinds?
    24 Aug · 3:00 PM

How It Developed

Polish prosecutors charged Polish Olympic Committee president Radosław Piesiewicz.
Piesiewicz was detained in connection with the Zondacrypto probe.
He faces allegations of influence peddling and favoring some creditors over others while facing insolvency.
The allegations include Piesiewicz recovering his invested funds while other customers could not withdraw theirs.
Zondacrypto stopped trading in April amid a liquidity crisis.
The exchange's then-CEO Przemysław Kral said it could not access 4,500 Bitcoin due to lost private keys.
Kral has reportedly been charged with large-scale fraud and is cooperating with investigators.

Sources

T1
Polish Olympic chief charged in Zondacrypto probe, justice minister saysPolish Olympic Committee president Radosław Piesiewicz faces charges as prosecutors investigate his ties to collapsed cryptocurrency exchange Zondacrypto.Cointelegraph

Related Stories

Trump crypto ventures cost investors $4.7B, Public Citizen estimates
27 Aug · 7:31 PM
UK Police Seize $1.4M in Bitcoin Traced to Darknet Markets
28 Aug · 11:41 AM
Abu Dhabi royal backs 49% stake in Trump-linked crypto bank venture
28 Aug · 4:25 AM
UK reports 240 crypto millionaires in 2025 tax year
27 Aug · 4:05 PM
Pakistan spent 8% of budget on crypto regulation, minister says
28 Aug · 9:25 AM