Piesiewicz’s detention marks one of the first arrests in the Zondacrypto investigation.
The exchange stopped trading in April amid a liquidity crisis, around the same time then-CEO Przemysław Kral said it could not access a wallet holding about 4,500 Bitcoin because it did not have the private keys
Kral has reportedly been charged with participating in large-scale fraud and is cooperating with investigators in an effort to receive a reduced sentence. Related: Bithumb wins 2 suits over mistaken Bitcoin credits: Report