Estonia’s FSA Issues Investor Warning on Zondacrypto Amid Withdrawal Fallout

Zondacrypto investor warning issued by Estonia’s FSA

The Estonian Financial Supervision Authority has placed a formal alert on Zondacrypto after a joint probe by Polish police revealed irregularities on the exchange platform. Customers report stalled withdrawals, with some unable to move funds for weeks. A Reuters brief notes that the investigation uncovered possible money‑laundering red flags, while Bloomberg highlighted a ↓ 45% drop in daily transaction volume since the probe became public. The FSA warning advises investors to treat the token as high‑risk and to consider liquidating positions.

“Regulatory scrutiny is intensifying across the EU,” a market analyst said.

Words by Lyra Valance (Digital Assets & Web3 Insider).