Zondacrypto may have been insolvent since 2022, yet took client funds for three more years

Estonia's bankruptcy trustee has found that crypto exchange Zondacrypto may have been permanently insolvent as early as late 2022, according to reports by Wirtualna Polska and TVN24. Despite this, the platform continued accepting client deposits for three more years. During that period, Zondacrypto even became the main sponsor of the Polish Olympic Committee.