An investigation published on October 21 by Monaco Hebdo has mapped out how Zondacrypto, the Polish-rooted crypto exchange now at the centre of a multi-country probe, spent recent years cultivating a visible, well-connected presence in Monaco — even as regulators and prosecutors in three jurisdictions close in on the platform.
At the centre of that presence was Przemysław Kral, described in the investigation as the platform's leader, who resided in the principality during the period Zondacrypto was expanding its sponsorship footprint there. According to Monaco Hebdo, the exchange became the main sponsor of Top Marques, the principality's luxury car show, starting in 2024, and attached its name to Monaco's football and basketball scenes, including hospitality spaces at matches.
The most notable of these ties was with the Fondation Princesse Charlène de Monaco. The foundation confirmed the partnership in a publication dated September 23, 2024, though the signature itself took place earlier, on June 5, 2024, during Top Marques. Pierre Dartout, then Minister of State, and Gareth Wittstock, the foundation's secretary general, were both present at the signing. As part of the event, Zondacrypto gifted the foundation one ether. Monaco Hebdo reports that the foundation has since distanced itself from the exchange.
A probe opens, charges follow
The sponsorships now sit awkwardly alongside the legal troubles engulfing Zondacrypto. Monaco's public prosecutor opened a money-laundering investigation on its own initiative in early May 2026. Polish justice is separately investigating the platform's activities, and Estonia is hosting the bankruptcy proceeding of the operator behind the exchange.
Robert Nogacki, a lawyer representing more than 200 alleged victims, summed up the pattern identified in the investigation: "Monaco was not Zondacrypto's market, it was its showcase."
On the Polish side, prosecutors announced charges against a man identified as Artur K. on September 22, over alleged participation in organised crime and money laundering. The broader set of investigations also touches on the unresolved disappearance of Sylwester Suszek, described as Zondacrypto's historic founder, who went missing in March 2022.
A paper trail in Florida
A separate filing has drawn attention to Kral's whereabouts. BB Trade Florida Inc. submitted an annual report on April 30, 2026, bearing his name and listing his Monaco apartment as the address. That filing came only days after Polish outlet Onet reported that Kral had allegedly left Monaco for Israel — a claim that remains unconfirmed beyond that report.
Taken together, the picture assembled by Monaco Hebdo is one of a platform that used the principality's reputation for luxury and philanthropy to project legitimacy, even as the legal cases now unfolding in Monaco, Poland and Estonia test how solid that image actually was.
