Zondacrypto declared bankrupt. You have until 27 October to file your claim.
On 27 August 2026 the Estonian court declared the bankruptcy of BB Trade Estonia OÜ and appointed the trustee Margus Lentsius. From that day a two-month, non-extendable deadline for filing claims runs — it expires on 27 October 2026 We prepare and send our clients' filings directly to the trustee in Estonia.
The largest organised group of Polish Zondacrypto creditors
You can file a claim yourself — we say so openly. But in a proceeding where creditors elect a committee and vote on the fate of the estate, scale matters. Below is the state of our group, updated continuously: the number of people who have entrusted their filing to us, and the total value of their claims against BB Trade Estonia OÜ.
—
people who have come forward
—
total value of their claims
7.4 million PLN
in the last 7 days 61 new filings
As at 31.08.2026, 14:25
no. 1834
restructuring adviser licence — he serves as trustee himself in Polish proceedings
3 weeks
of direct contact with the Estonian trustee — we are agreeing the form of the documentation
we are present in Tallinn at the first creditors' meeting
57days until the deadline
27.10.2026final filing deadline
2-26-14436/10case number, Harju Maakohus
Facts worth knowing — as at 3 September 2026
27 August 2026 Harju Maakohus declared the bankruptcy of BB Trade Estonia OÜ (Zondacrypto), case 2-26-14436/10; trustee Margus Lentsius.
Deadline for filing claims: 27 October 2026 (§ 93 of the Estonian Bankruptcy Act). Late filings are satisfied last.
First creditors' meeting: 17 September 2026, 11:00, room 3005. Only those filed by 11 September may vote.
Claims are stated in euro; crypto-assets at the rate for 27.08.2026, currencies at the ECB rate for that day.
You can file the claim yourself — no Estonian lawyer or notary is required. We have described the whole procedure: how to file a Zondacrypto claim step by step — with deadlines, the form and the conversion into euro.
An application to exclude crypto-assets from the estate (the CoinLoan ruling of 27.10.2025) has no two-month deadline; it is filed once it is clear what the trustee actually holds.
On 17 September the creditors' meeting elects the committee, which will decide together with the trustee whether and on what terms crypto-assets are released. Only creditors whose filing reaches the trustee by 11 Septembermay vote. Those who come to us by 8 Septemberwill be represented by us at that first creditors' meeting.
Amounts as declared by claimants, before document verification — they do not represent a payout or an expected recovery. Filings submitted after 27 October are satisfied last, after all those filed on time.
How we will file your claim in the Estonian proceeding
A proof of claim is the formal document that determines whether you take part in the distribution of the estate at all. A formal error or a missed deadline can cost you the entire claim — which is why we prepare filings straight away, not at the last moment. See what it costs →
You join the group
You leave your contact details; in the next step you enter the composition of your portfolio and immediately see the value of your claim, the initial fee and the contract. The power of attorney and your Zonda account documents are added later in the client panel.
We prepare the filing
We establish the amount of the claim, assemble the evidence (transaction history, balances, correspondence) and draw up the filing in the form required by Estonian and EU law.
Exclusion application — at no extra cost, where it makes sense
You pay for the proof of claim. There is, however, a second route which with crypto-assets is often better: an application to exclude crypto-assets from the estate — for their release in kind, rather than a payout of a fraction. If it turns out there is something to exclude, we file it at no extra cost — in the first year or the third, even if you decline the annual fee.
Compensation application — also at no extra cost
The prosecution has secured assets in the investigation. Some of those assets may belong not to the company but to private individuals connected with it — in which case the trustee will not receive them.
If an indictment is brought before the court, we will file an application for compensation on behalf of our clients — at no additional cost.
On what terms
Two conditions must be met at once: assets must remain which the trustee has not received because they belong to private individuals — and an indictment must be brought against specific persons. Today the investigation is being conducted into the matter, not against anyone. The trustee will first ask the prosecution to release the secured assets into the estate. If in another situation we conclude that such an application is also worth filing, we will do so on the same terms — at no extra cost.
We watch the deadline
Bankruptcy has already been declared — we file directly with the trustee, within the statutory two-month deadline, which we track for you.
We supervise the proceeding
We monitor the list of claims, the trustee's actions and the distribution plans. We inform you of every material step in the client panel.
Simulation
Calculate your claim and the cost of our service
Enter the value of your frozen funds, or if you have your account balances on record, value them at the rates for the day bankruptcy was declared. You will see what is left for you at different levels of return to creditors.
1Your claim
If you remember or have a record of the balances on your account, enter them here — we will value them at the rates for 27 August 2026, the day bankruptcy was declared. Approximate figures are enough; exact balances will be established later, and in the filing we ask for them to be confirmed against the debtor's records.
Crypto-assets
Currency balances
Value of the claim0 PLN
In euro, for the filing0 EUR
To the value of the portfolio we add statutory late-payment interest under Estonian law (viivis) — for the period from 24 April 2026, the day after the Zonda servers were switched off, to 26 August 2026, because interest against the estate stops running once bankruptcy is declared. That is 125 days at rates of 10.15% and 10.40% per annum. We do not charge the initial fee on interest — only on the value of the portfolio.
Crypto rates: the average of 25 hourly quotations across the whole day of 27.08.2026 (UTC), converted into euro at the ECB rate EUR/USD 1.1645. Currencies at ECB reference rates for 27.08.2026 (EUR/PLN 4.3268). USDT and USDC by the convention 1 = 1 USD.
zł
Crypto-assets and cash together, in PLN. If you do not know the exact amount, give an approximate one — that is enough to estimate the cost. Do you have your account balances on record? Switch to "Enter balances from the account", and we will value them at the rates for the day bankruptcy was declared.
✓Our rates
Initial fee
Payable on signing. Covers the proof of claim and the first 12 months of service. The application to exclude crypto-assets — at no extra cost, if it proves justified, in any year of the proceeding. The application for compensation in the criminal proceeding — also at no extra cost, where the conditions are met.
up to 25,000 PLN
4%
25,000 – 100,000 PLN
2%
100,000 – 250,000 PLN
0,6%
250,000 – 500,000 PLN
0,4%
over 500,000 PLN
0,2%
Minimum 500 PLN, maximum 5,000 PLN. Each rate applies only to its own band.
Success fee
Payable only once the money actually reaches you. Calculated on the amount recovered.
up to 25,000 PLN
15%
25,000 – 100,000 PLN
12%
100,000 – 250,000 PLN
10%
250,000 – 500,000 PLN
8%
500,000 – 1,000,000 PLN
6%
over 1,000,000 PLN
5%
If you recover crypto-assets in kind, the basis is their value on the day of release.
Annual fee optional
From the second year. It never renews itself — you decide separately each year.
20%of the initial fee, min. 150 PLN / year
Without it we still notify you of the list of claims and the deadline for objection, check the distribution plan and watch the payout. The power of attorney remains in force.
All amounts are gross, in PLN — this is the price you pay. The rates in force on the day the contract is signed do not change until the proceeding ends. Not included: objection to the list of claims (priced individually), court fees and experts, sworn translations at cost.
2Cost of service
0%100%
How much of every zloty of the claim comes back to creditors. Nobody knows this today — which is why it is a slider, not a forecast. In the Estonian bankruptcy of the CoinLoan exchange it came to about 51%.
Care after the first yearoptional
The first 12 months are covered by the initial fee. The annual fee is 20% of the initial fee, minimum 150 PLN. You do not have to buy it — it never renews itself, and you decide separately each year. Without it we still notify you of the list of claims and the deadline for objection, check the distribution plan and watch the payout.
The amount from the calculator will be carried into the form. You are not paying anything yet.
Cap on the success fee. If the full success fee would mean that in total you pay us more than half of the amount recovered, we reduce it — to zero if necessary. The cap works solely by reducing the success fee. The initial fee and annual fees are not refunded in any circumstances, so where the return is very low the fees alone may exceed half of the amount recovered. We say this openly.
An indicative simulation. We do not know today what the level of return will be, nor how long the proceeding will last, and nobody can honestly predict it. The rates for 27.08.2026 are the rates adopted for the filing and do not represent the value you will receive. Only the contract and the terms of service are binding.
What happens in this proceeding and what we do for you at each step
A proof of claim is the first step, not the last. Below is the whole path — from today to the payout — split between what the trustee does and what we handle.
by 27.10.2026deadline running
Proof of claim filed with the trustee
The document that determines whether you take part in the distribution of the estate at all. It must be in the form and language required by Estonian law, with the amount converted into euro.
TrusteeReceives filings and checks them for formal compliance. He is under no obligation to notify creditors individually or to remind them of deficiencies.
My
We establish the amount of the claim and split it into principal and ancillary sums
We convert it into euro at the ECB reference rate for the day bankruptcy was declared
We assemble the evidence in a form that minimises the risk of the trustee rejecting the claim
We file on time and hold confirmation of receipt
the following monthsafter the deadline
Verification of filings by the trustee
The trustee checks every filing and decides the amount in which he recognises it. On this scale, simply reviewing the filings will take months.
TrusteeHe may call for deficiencies to be remedied, dispute the amount of the claim or recognise it in a lower amount than filed.
MyWe respond to those calls on your behalf and on time. You do not have to follow Estonian correspondence or translate anything.
the critical stagelist of claims
The list of claims and objection
This is where money is most often lost. If the trustee recognises your claim in a lower amount or omits it altogether, the only remedy is an objection filed within a short deadline. Without it, the amount on the list becomes final.
TrusteeDraws up the list and submits it to the court. The deadline for objection runs from the public notice — nobody will remind you of it.
MyWe monitor the notices in Ametlikud Teadaanded, check your position on the list and tell you whether an objection is worth considering. If needed, we will present you with an offer from our partner Estonian law firm to conduct the objection proceedings before the Estonian court.
yearscourse of the proceeding
Recovering assets into the estate
How much creditors receive depends on how much the trustee claws back: transfers to other exchanges, loans to related companies, shareholdings, fixed assets. In the Estonian bankruptcy of CoinLoan OÜ the trustee recovered about 108 million euro, which gave creditors roughly 51% satisfaction.
TrusteeConducts the proceeding, realises assets, challenges transactions made to the detriment of creditors.
MyWe represent you before the trustee throughout the proceeding and report every material step in the client panel.
at the enddistribution plan
The distribution plan and the payout
Funds are divided among creditors in proportion to the amounts recognised. Only at this stage is it known what percentage creditors recover.
TrusteeDraws up the distribution plan and makes payments to the accounts indicated.
MyWe check the distribution plan against your position and make sure the payout reaches where it should.
One price, no add-ons
Three routes to the same filing. See how they differ.
You can file the claim yourself, through a foreign or Polish law firm, or through us. Below are the differences worth knowing before you choose.
What happens to your filing
On your ownWithout a representative
Foreign representativeA law firm outside Poland
Our offerZondaOdzyskaj.pl
Proof of claim filed with the trustee
On your own!You decide the form, the amount and the evidence yourself
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included
The basic document of the proceeding. Without it you take no part in the distribution of the estate and no payout is due. The amount of the claim is stated in euro. EU rules allow a filing in any official language of the Union, although the trustee may require a translation into Estonian. We have agreed with the trustee Margus Lentsius that he accepts documents from us in English — and we take on the translations. The deadline expires on 27 October 2026 — filings made after the deadline are satisfied last, only after all those made on time.
Application to exclude crypto-assets from the estate
On your own✕Requires knowledge of Estonian law
Foreign representative!Usually not offered at all
ZondaOdzyskaj.pl✓At no extra cost where it proves justified — in any year
A second, separate claim. It rests on the argument that the crypto-assets recorded to your account never became the property of the exchange — it merely held them as custodian. If the court accepts this, the assets do not form part of the estate and are released in kind, rather than being divided among creditors. The basis is the ruling of Tallinna Ringkonnakohus of 27.10.2025 in the CoinLoan bankruptcy. We do not guarantee it will be accepted — the ruling may not be final, and the decision rests with the trustee and the court. We file the proof of claim straight away, because the 27 October deadline applies. The exclusion application — when it makes sense: after the creditors' committee is elected (17 September) and once we know what the trustee actually holds. That second deadline is not running — the application is not a monetary claim. It covers crypto-assets only; balances in zloty, euro or dollars are filed solely as a monetary claim.
Application for compensation in the criminal proceeding
On your own✕Requires your own representative in the criminal case
Foreign representative✕Cannot act before a Polish criminal court
ZondaOdzyskaj.pl✓At no extra cost where the conditions are met — for all our clients at once
A third route, independent of the Estonian bankruptcy. The prosecution has secured assets in the investigation. The trustee will first apply for those assets to be released to him into the estate — and that is the primary path. It may, however, turn out that some of the secured assets did not belong to the company but to private individuals connected with it; the trustee will not receive such assets.
In that situation we file with the Polish court an application for an order to compensate the damage — on behalf of everyone whose filing we handle, at no additional cost.
Two conditions must be met at once. First: assets secured by the prosecution must remain which the trustee has not received, because they belong to private individuals. Second: the court must receive an indictment against specific persons — as things stand the investigation is being conducted into the matter, not against anyone.
We do not guarantee the result — an order to compensate damage is a matter for the criminal court. If in a situation other than the one described above we conclude that such an application is also worth filing, we will do so on the same terms, at no extra cost.
Why this matters: a foreign representative does not appear before a Polish criminal court, and on your own you would have to engage a separate representative and follow the investigation. We do it for all our clients in a single application.
Selecting and describing evidence to meet the trustee's expectations
On your own✕You do not know what the trustee requires
Foreign representative!Usually prepared from the materials you send
ZondaOdzyskaj.pl✓Included — we arrange the documentation to limit the risk of rejection
What decides whether a claim is recognised is not its size but whether it has been evidenced in a way the trustee will accept. We have been corresponding with the trustee Margus Lentsius since 28 July 2026 and we know the form he expects. We select and describe the evidence so as to limit the risk of the claim being disputed or recognised in a lower amount. This is not a guarantee of recognition — the final assessment rests with the trustee and the court.
Converting the claim into euro
On your own!You choose the rate yourself and have to justify it
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓ECB reference rate for 27.08.2026
A claim is filed in euro, and the rate is not a matter of choice.
Balances in zloty and dollars are converted at the European Central Bank reference rates for the day bankruptcy was declared, that is 27.08.2026 (EUR/PLN 4.3268, EUR/USD 1.1645), under § 44(2) of the Estonian Bankruptcy Act. We archive the ECB rate file as evidence.
Crypto-assets are a harder problem, because Estonian law does not designate a source of valuation. We do not take a single price from a single moment, because a rate from one particular minute is easy to challenge. For each asset we take 25 hourly quotations across the whole day of 27.08.2026 (UTC) and use their average. One source for every case and every asset, converted from dollars into euro at the same ECB rate — one step, not two independent rates. Stablecoins USDT and USDC are treated by the convention 1 unit = 1 dollar.
For each asset we record the rate, the source, the method, the date and the exact query address, and a schedule of the rates applied is attached to the filing. The point is that the trustee can reproduce our calculation down to the last grosz — in the CoinLoan bankruptcy the trustee never disclosed the source of the prices and creditors had no way of checking the valuation. We do not want to repeat that mistake.
If the trustee indicates a different method, we recalculate every case in a single pass — which is why the documents state quantities of assets, and the value in euro is derived from them.
Ordinary translations
On your own!At your cost
Foreign representative!Usually not included — check the contract
ZondaOdzyskaj.pl✓Included
In line with what we agreed with the trustee, we file documents in English and take on the preparation of translations. Ordinary translations — those which suffice in the vast majority of cases — are included, and we do not add a single zloty for them throughout the proceeding. You do not have to translate anything or find a translator.
Sworn translations, if the trustee requires them
On your own!At your cost
Foreign representative!Usually not included
ZondaOdzyskaj.pl!At cost, with no mark-up from us
In exceptional situations the trustee may require a sworn translation of a particular document. We then charge you solely the translator's cost, with no mark-up from us, and tell you the amount before commissioning it. This does not happen as a matter of course.
Correspondence with the trustee, postage, courier
On your own!At your cost
Foreign representative!Usually not included — check the contract
ZondaOdzyskaj.pl✓Included
The proceeding may run for a considerable time and generate ongoing correspondence with Estonia — letters, parcels, proof of posting. With us this is included. It is one of the places where, elsewhere, the bill most often grows after the contract is signed.
Responses to the trustee's calls to remedy deficiencies
On your own✕Short deadlines, correspondence from Estonia
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included
The trustee may call for the filing to be supplemented or dispute the amount of the claim. The deadlines can be short and the correspondence arrives from Estonia. Failure to respond may mean the filing is rejected.
We respond on your behalf for the first year — this is covered by the initial fee. In subsequent years we do so under the annual fee, if you decide to take it.
If you do not take the annual fee, we will still inform you of every call and every deadline — but you prepare and send the response yourself.
Monitoring notices in Ametlikud Teadaanded
On your own!You have to follow it yourself — the gazette is published in Estonian
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included
Ametlikud Teadaanded is the Estonian official gazette, the equivalent of the Polish Court and Commercial Gazette. Every deadline in this proceeding runs from publication there, not from a letter to you — which is why someone has to follow it continuously. The first year of monitoring is covered by the initial fee, and in subsequent years we carry it out under the annual fee, if you take it.
Notification of the list of claims and the deadline for objection
On your own✕Nobody will remind you of it
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included, indefinitely — even without the annual fee
This is the riskiest moment of the whole proceeding. The trustee draws up the list of claims; if your claim is entered in a lower amount or omitted, you have a short deadline to object — running from the public notice, not from any notification to you. Once it passes, the amount on the list becomes final.
You always receive the notification itself, free of charge and indefinitely — regardless of whether you have taken the annual fee. We take the view that missing this deadline must never be a consequence of not paying.
The objection itself is a different matter. Filing it requires the rights of an Estonian advocate, which is why it is always charged separately and priced individually — irrespective of the annual fee. You always receive notice of the deadline, however, so that the decision is yours.
Objection where the trustee recognises a lower amount
On your own✕Short deadline, a court pleading in Estonia
Foreign representative!Often a separate rate — check the contract
An objection is a court pleading filed in Estonia within a short deadline of the list being published. Without it the amount on the list becomes final and it is that amount which determines your share in the distribution of the estate.
An objection is always charged separately and is included neither in the initial fee nor in the annual fee. We say so openly, before you sign. The reason is formal: representation before an Estonian court requires the rights of an Estonian advocate, so the objection is conducted for you by our partner law firm in Estonia. The cost depends on the amount and the ground in question — we price it individually and put it to you for approval before the pleading is filed. Nothing happens automatically or without your consent.
We always notify you of the objection deadline itself, free of charge, even if you do not take the annual fee and regardless of whether you decide to object. The decision is yours — you may also file it yourself.
Objections to other creditors' filings that inflate the estate
On your own✕None
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Under the annual fee
The larger the total of recognised claims, the smaller the percentage falling to each creditor. Challenging inflated or unfounded filings by others genuinely increases your share in the distribution. This is active work requiring ongoing analysis of the list — which is why it falls under the annual fee rather than the basic price.
Attendance at the creditors' meeting and a report on it
On your own!You have to appear in Tallinn
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included — a report in Polish, you do not have to travel
The first creditors' meeting takes place on 17 September 2026 at 11:00 at Harju Maakohus in Tallinn, room 3005. You do not have to travel there — we attend on your behalf and provide a written report in Polish. The meeting decides, among other things, the composition of the creditors' committee and the direction of the proceeding.
Cooperation with the trustee in tracing assets
On your own✕None
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included
How much creditors recover depends on how much the trustee claws back into the estate: transfers to other exchanges, loans granted to related entities, shareholdings, fixed assets. We pass the trustee information relevant to those findings and stay in contact with him throughout the proceeding.
Checking the distribution plan and watching the payout
On your own!On your own, from documents out of Estonia
Foreign representative✓Check the contract for additional costs
ZondaOdzyskaj.pl✓Included, indefinitely
At the end of the proceeding the trustee draws up the distribution plan and makes the payments. We check that your position has been entered correctly and that the payout reaches where it should. Indefinitely, even without the annual fee.
A panel showing the status of your case
On your own✕None
Foreign representative!Depends on the firm
ZondaOdzyskaj.pl✓Yes
You log in and see what stage your case is at, which documents have arrived and what is still needed. No phone calls, no chasing. You also receive every notification by e-mail, so you do not have to check the panel to keep track. In the extended version, available under the annual fee, you also see the full correspondence with the trustee and the schedule of the proceeding.
Language of the contract and of service
On your own—
Foreign representative!Usually English or Estonian
The contract, the terms of service, the panel, the telephone and the correspondence — all in Polish. In contracts concluded with a foreign firm the language of service is usually English or Estonian, and the binding version is the foreign-language text — the translation, where there is one, is for information only.
Currency of settlement
On your own—
Foreign representative!Usually euro net — VAT and the exchange rate are on you
ZondaOdzyskaj.pl✓Zloty, gross amounts
With us you settle in zloty, and we state amounts gross, that is including VAT. What you see is what you pay — you do not have to convert or add anything.
Rates expressed in euro net mean you add the tax yourself, and throughout the proceeding the exchange-rate risk is yours.
Settlements with the trustee are a separate matter — payouts from the estate may arrive in euro, regardless of the currency in which you settle with your representative.
Court fees, experts, costs of the proceeding
On your own!Your cost
Foreign representative!Your cost
ZondaOdzyskaj.pl!Your cost
Any court fees in Estonia, the cost of experts or other court steps fall on the creditor — with us just as everywhere else. We do not know their amount in advance, because it depends on which steps turn out to be necessary as the proceeding runs. The proof of claim itself involves no such fees.
Cap on remuneration
On your own✓No remuneration — only your time
Foreign representative!Usually none
ZondaOdzyskaj.pl✓Success fee capped
We calculate the success fee at the rates 15 / 12 / 10 / 8 / 6 / 5% — each rate applying only to its own band, calculated on the amount actually recovered. Before charging it we add up what you have already paid us: the initial fee and any annual fees. If the full success fee would mean that in total you pay us more than half of the amount recovered, we reduce it — even to zero.
What this does not cover.We do not refund the initial fee or annual fees in any circumstances — including where together they exceed half of the amount recovered. In that situation the success fee is 0%, but what you have already paid stays with us. The annual fee for continued care is charged as normal for as long as you work with us. The cap therefore works solely by reducing the success fee, never by way of refund.
Check this in the calculator below — it also shows such scenarios.
Cost
On your own!All the costs above plus your time and the risk
Foreign representative!A base price plus add-ons from the contract
ZondaOdzyskaj.pl✓One price — work it out in the calculator below
You pay the initial fee on signing and the success fee only once the money actually reaches you. The first twelve months of service are covered by the initial fee. The annual fee from the second year is voluntary and never renews itself — you decide on it separately each year.
Acting on your own you pay no representative's fee, but you bear every other cost in this table — translations, postage, any court fees — and on top of that your own time and the risk that the filing is rejected or the deadline is missed.
Click ? next to any item to see the explanation.
✓ usually yes / included! depends on the contract or on you✕ usually no / a real risk of losing the claim
We are not assessing any particular firm here — we are comparing three service models, which is why the middle column says "usually" rather than "yes" or "no".
Before you sign anything, with anyone, check three things in the contract: whether translations and postage
are included, whether an objection to the list of claims costs extra, and which court decides any
dispute with your representative. Those are the three places where the bill most often grows after signing.
What we do not do as part of filing your case in Estonia, but can do separately
We say so before signing, not after
Representation in the criminal proceeding in Katowice
Actions against members of the management board
Secondary proceedings in Poland
On-chain analysis and forensics
Defence against a possible clawback claim by the trustee
You can file the claim yourself
And we say so openly.
An e-mail, a scan of an ordinary power of attorney and a machine translation are enough to file; no Estonian lawyer or notarised signature is needed. You are not paying us for access to the proceeding, but for the completeness of the filing and for someone to watch it for several years: the amount broken down correctly, the right exchange rate, evidence in a form the trustee will not send back, the deadline met, and afterwards oversight of the list of claims and advice on your options for objecting if your claim is recognised in a lower amount.
Who is handling the case
A team that knows insolvency from the inside
Filing a claim in a foreign proceeding is work for someone who has run insolvency proceedings themselves — and knows what a trustee requires of creditors.
Over 12 years of experience, 120+ proceedings as a court-appointed trustee. The case is handled by KCOD — Krajowe Centrum Obsługi Długów in cooperation with the partner law firm Świrbutowicz | Przybyłowski KRP. Our team includes people whose own funds are frozen on Zonda — we are fighting for ourselves too.
We have been corresponding with the trustee Margus Lentsius since 28 July 2026 — from the time he was still serving as interim trustee. We agreed with him the form in which documents are submitted, the language of correspondence and the evidentiary standard he expects. This is not textbook knowledge, but knowledge from the ongoing exchange of letters in this particular case.
Trustee in bankruptcy
Margus Lentsius — the person now managing Zonda's assets
From 28.07.2026 he served as interim trustee, and on 27.08.2026, together with the declaration of bankruptcy, the court appointed him trustee in bankruptcy of BB Trade Estonia OÜ. He is the person who receives filings and decides in what form and with what evidence they must be submitted — which is why we have been building contact with him since July, representing the interests of Polish creditors collectively.
⚖️
Frequently asked questions
Questions and answers
What about the bankruptcy petition in Poland that I signed up for?
We are not filing it — and that is good news. The purpose of the petition was to bring the company's assets under the control of a court and a trustee. That purpose was achieved sooner, by decision of the Estonian court, at no cost to the group. Your registration remains valid: we will use it to prepare your proof of claim in Estonia.
The page for the earlier Polish petition remains available here — as an archive.
Do I have to travel to Estonia or speak Estonian?
No. EU Regulation 2015/848 guarantees creditors from other EU states the right to file claims remotely. We prepare and submit all the documentation — you pass us the data and documents through the client panel.
Will I get my crypto back, or money?
There are two routesleading to two different outcomes. You pay for the first; you get the second at no extra cost, if it turns out to be needed.
A proof of claim means you become a creditor and take part in the distribution of the estate — you receive a percentage of what the trustee manages to claw back, paid in money. The amount of the claim is stated in euro, at the rates for the day bankruptcy was declared.
An application to exclude crypto-assets rests on a different argument: that the crypto-assets recorded to your account never became the property of the exchange, because it was merely their custodian. If the court accepts this, the assets do not form part of the estate and are released in kind — you get your coins back, not a fraction of their value.
We do not promise the application will be accepted. We base it on the ruling of Tallinna Ringkonnakohus of 27.10.2025 in the CoinLoan bankruptcy, which may not be final, and the decision rests with the trustee and the court. That is why we always file the proof of claim straight away — and the exclusion application once we establish that the trustee actually holds crypto-assets. If it turns out there is nothing to exclude, we will tell you so plainly and will not file it; the fee stays the same, because you paid for the proof of claim.
The application covers crypto-assets only. Balances in zloty, euro or dollars are filed solely as a monetary claim.
Why don't you file both applications at once?
Because an application filed blind is weaker.
On 17 September 2026 the creditors' meeting elects the creditors' committee — the body which decides together with the trustee and will give its opinion on whether and on what terms crypto-assets are released to creditors. Only once it is constituted, and once we know what the trustee actually holds, is it clear what to apply for and how.
That is why we file the proof of claim straight away — because the 27 October deadline applies. And the exclusion application when it makes sense. That second deadline is not running: an exclusion application is not a monetary claim and is not subject to the two-month deadline.
Only creditors whose filing reaches the trustee by 11 September may vote at the meeting on 17 September. Those who come to us by 8 Septemberwill be represented by us at that first creditors' meeting.
What if there is not enough in the estate?
That is a real scenario and we say so openly, before you sign. The assets due to come into the estate are largely disputed receivables — transfers to other exchanges, loans granted to related entities, shareholdings. Recovering them will take years and may not succeed in full.
If nothing remains for creditors after the costs of the proceeding have been covered, you receive no payout, and the initial fee and any annual fees are not refunded. No success fee is charged then, because there is nothing to charge it on.
For comparison: in the Estonian bankruptcy of the CoinLoan exchange creditors recovered about 51% of their claims. That is not a forecast for this case — every proceeding has different assets — but it shows that recovery can be real.
In the calculator you can move the slider "How much comes back to creditors" to zero and see what that scenario looks like in your case.
When can I file my claim?
Bankruptcy was declared on 27 August 2026 — the deadline is already running and expires on 27 October 2026. We prepare and send our clients' filings on a rolling basis, so that they reach the trustee without delay and without formal gaps. The later you join the group, the less time remains to assemble your filing.
What does it cost?
We publish our rates openly — you do not have to call or leave your details to find out the price. You see the fee for your case as soon as you complete the form, before any contract and before any payment.
So nothing more will happen in Poland?
It will. The investigation by the Regional Prosecutor's Office in Katowice is running in parallel (extended to 17 January 2027, with 4 million euro frozen in France), and the company has a registered branch in Poland — which may in future open the way to so-called secondary proceedings in Poland, if that is favourable for creditors. For today, however, one thing matters most: an effective filing of your claim in the main proceeding in Estonia.
Can I file the claim myself?
Yes. An e-mail, a scan of an ordinary power of attorney and a machine translation are enough to file — no Estonian lawyer or notarised signature is needed. We say this openly, because we think you should know what you are paying for.
You are paying for the completeness of the filing and for someone to watch over it throughout the proceeding: the correct split between the principal claim and ancillary sums, conversion into euro at the right rate, evidence packaged in a form the trustee will not send back, the two-month deadline met, and afterwards oversight of the list of claims and an objection if your claim is recognised in a lower amount or omitted.
How do I know this is not another scam?
Check us before you sign anything. Damian Przybyłowski holds a restructuring adviser licence no. 1834 — verifiable in the register kept by the Ministry of Justice. The company: Krajowe Centrum Obsługi Długów sp. z o.o., KRS 0001019984, NIP 7393980771, ul. F. Nowowiejskiego 9/401, 10-162 Olsztyn, Poland, tel. +48 89 675 0002.
Two things worth asking anyone who approaches you with an offer to recover funds: whether they give a licence number and registration details, and whether they promise a specific outcome. Nobody has a line into the Estonian court or influence over the trustee's decisions — anyone who says otherwise is not telling the truth.
How much will I recover and how long will it take?
We do not know, and nobody can honestly answer that today. The amount depends on how much the trustee actually recovers into the estate and how many creditors there are — the proceeding is only at the filing stage. Insolvency proceedings on this scale usually take several years.
What we do know: the prosecution has already secured over 100 million PLN towards compensation, and funds worth about 4 million euro have been frozen in France. Filing a claim is the condition of taking part in the distribution of whatever is recovered — without it you get nothing, whatever the outcome.
When does the filing deadline start to run?
The deadline is already running. The two-month deadline under the Estonian Bankruptcy Act runs not from the court's ruling itself, but from publication of the notice in Ametlikud Teadaanded, the Estonian official gazette. In this case the notice appeared on the same day as the ruling, 27 August 2026, so the deadline expires on 27 October 2026. Filings made after the deadline, even if recognised, are satisfied only at the final stage of the proceeding — in practice they receive nothing. There is no reason to panic, but no reason to delay either.
How can I be sure this information is true?
The events described on this page follow from the Estonian court registers and the official gazette Ametlikud Teadaanded (notice no. 2641740, case 2-26-14436/10). Polish media are covering the case as well — including Money.pl.
What we do not promise
The bankruptcy proceeding in Estonia may take several years and we do not know its timetable today. Satisfaction of creditors may prove partial, and in the worst case none at all, if the estate is insufficient to cover the liabilities. Our job is to see that your claim is properly filed, recognised and watched over to the end of the proceeding — it does not, however, increase the pool from which creditors will be paid.
Facts, not announcements
What happened — step by step
All the events below follow from official Estonian registers and public notices. We follow the case at source — at the court, with the trustee and in the official gazette Ametlikud Teadaanded.
29.06.2026
The Estonian supervisor (FIU) revokes the operator's licence
The Financial Intelligence Unit revokes licence FVT000209, under which the exchange operated. The company loses the right to provide crypto-asset services.
27.07.2026
The court bars the company from disposing of its assets
Harju Maakohus (case 2-26-14436/4) issues a prohibition on disposing of assets (käsutuskeeld) — BB Trade Estonia OÜ may not deal with its assets without the interim trustee's consent.
28.07.2026
Appointment of the interim trustee
The court appoints an interim trustee (ajutine pankrotihaldur) — Margus Lentsius. His task is to establish the company's assets and prepare the case for a decision on declaring bankruptcy. We are corresponding with him about our clients' filings.
27.08.2026
The court declares bankruptcy — the filing deadline starts to run
Harju Maakohus (case 2-26-14436/10) declares the bankruptcy of BB Trade Estonia OÜ. Margus Lentsius becomes trustee in bankruptcy. From that day a two-month, non-extendable deadline for filing claims runs.
Next steps
17.09 creditors' meeting · 27.10 end of the filing deadline
On 17 September the first creditors' meeting will be held at Harju Maakohus. By 27 October all our clients' filings must reach the trustee — we are working on this now, in batches, so that none waits until the last moment.
News
Latest news on the Zonda case
We follow the case continuously — click to see the full chronology of events.
The deadline expires on 27 October 2026. The sooner we start, the calmer this will be.
File your claim — we will prepare the documents and submit them to the trustee within the statutory deadline. You will know the price before signing, based on the amount of your claim.
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