Przemysław Kral, head of the collapsed cryptocurrency exchange Zondacrypto, has reportedly been charged with participating in an alleged large-scale fraud and is cooperating with Polish prosecutors in hopes of securing a reduced sentence. His testimony could include details about the exchange’s funding of right-wing politicians, Polish outlet Onet reported. Prosecutors estimate that Zondacrypto customers lost at least 2.4 billion Polish zlotys ($650 million), alleging that only part of customer funds was used to buy crypto while the remainder was transferred to private accounts controlled by exchange managers. The case also involves Zondacrypto’s sponsorship of the Conservative Political Action Conference (CPAC) in Poland and advertising and payments linked to politicians. Kral has denied misappropriating funds and says access to about 4,500 Bitcoin held in a cold wallet (offline crypto storage) was supposed to be transferred by Zonda founder and former CEO Sylwester Suszek, who has been missing since 2022.