The post Polish authorities to seek Interpol intervention as Cinkciarz exchange users lose $30M appeared on BitcoinEthereumNews.com.

The founder of online currency exchange Cinkciarz.pl is now wanted in Poland for defrauding clients in what has been described as one of the biggest fintech scandals in Polish history. An arrest warrant has been issued for the entrepreneur who is believed to be hiding abroad. After receiving thousands of complaints from users of his platform, officials estimated their losses at well over a hundred million złoty ($30 million). Polish prosecutors issue arrest warrant for Cinkciarz CEO Law enforcement authorities in Poland are looking for the founder and chief executive of the online currency exchange service Cinkciarz.pl. Identified as Marcin P., the man who chairs the fintech firm’s board of directors, is currently outside the country. The Prosecutor’s Office in Poznań announced this week it has issued an arrest warrant for the businessman right after a district court in the city ordered him held in pre-trial detention for 30 days, Polish media reported. The decision comes after charges were brought against Marcin in March, including fraud, the PAP news agency noted. According to the latest estimates, Cinkciarz customers have lost more than 112 million Polish złoty ($30 million), allegedly used to fund other ventures. Prosecutors have been working to unravel the suspected fraud scheme since October 2024, when police investigators, assisted by cybercrime specialists, raided the company’s headquarters in the city of Zielona Góra. The operation was conducted after authorities received over 7,000 reports from clients who lost access to their deposits on the exchange. In December, they moved to block 328 bank accounts of the trading platform. Marcin P. founded Cinkciarz (“money changer”) in 2006, when exchange offices were gaining popularity amid a foreign currency lending boom in Poland. It eventually grew to a business with 35 billion złoty of annual revenue, Fakt.pl pointed out in an article about…

---

Filed under: News - @ July 31, 2025 3:29 pm