Cinkciarz CEO Wanted for $30 million Fraud as Poland Seeks Interpol Alert

- Polish fintech executive accused of $30 million client fraud in one of the country's largest financial scandals. - Authorities push for an Interpol red notice as CEO reportedly resides in the United States. Polish authorities have issued an arrest warrant for Marcin P., the founder and CEO of online currency exchange Cinkciarz.pl, accusing him of defrauding clients of more than $30 million. Since authorities believe Marcin P. is in the United States, they plan to request a red notice from Interpol. The investigation began in October 2024 after over 7,000 customers complained they could not access their funds. Subsequent probes revealed that the company had misappropriated client assets, prompting regulatory and legal action. As a result, by December 2024, authorities had frozen 328 bank accounts tied to Cinkciarz.pl, and by January 2025, approximately 1,200 affected users had filed formal complaints. On July 31, 2025, Cryptopolitan reported on these developments. Developments this year have raised the case’s profile. In March, authorities arrested former board member Robert G., followed by the detention of chief accountant Monika J. in May. Authorities have implicated both individuals in fund diversion schemes. Prosecutors have charged Marcin P. with financial crimes, and a conviction could lead to a prison sentence of up to 25 years. The regulatory fallout extended to related entities. The Polish Financial Supervision Authority revoked the payment services license for Conotoxia, a business associated with Cinkciarz.pl, after determining it failed to protect client assets. Although Conotoxia appealed the decision, the Warsaw court confirmed the revocation in March. In addition, the Cyprus Securities and Exchange Commission (CySEC) suspended Conotoxia Ltd’s investment license in July over governance issues and shareholder concerns. On July 28, the Regional Prosecutor's Office in Poznań confirmed it issued an arrest warrant for Marcin P., which authorizes his temporary detention for up to 30 days upon capture. Authorities stress that international cooperation through the pending Interpol alert is crucial to expedite his apprehension. On July 31, 2025, data from CoinMarketCap showed Bitcoin (BTC) trading at $32,581 as of 12:00 UTC, reflecting a 1.8% surge in 24-hour activity.