TechNew York Times1h ago
A look at the collapse of Zondacrypto, Eastern and Central Europe's
A look at the collapse of Zondacrypto, Eastern and Central Europe's biggest crypto exchange, which went dark in April and is facing money laundering allegations
TL;DRMajor European crypto exchange vanished amid money laundering charges and regulatory failures.
Why it matters: Reinforces crypto's vulnerability to fraud and regulators' struggle to police decentralized finance.
The mysterious collapse of a European cryptocurrency exchange helps to explain why the industry hasn't shaken off its reputation as a magnet for criminals.
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