Estonia’s Financial Intelligence Unit (FIU) has partially suspended the operating licence of BB Trade Estonia OÜ (Zondacrypto), banning the platform from accepting deposits and onboarding new clients while permitting withdrawals. The firm has 30 days to remedy unspecified compliance breaches or face licence revocation. The action follows reported withdrawal problems and the exchange CEO’s statement that a cold wallet holding roughly 4,500 BTC (~$345.9M) was inaccessible; Estonia’s FSA previously flagged a Zondacrypto token (TeamPL) as breaching EU MiCA rules. The exchange has also experienced staff departures, low trading activity and political scrutiny over possible links to Russian capital.

Partial licence suspension blocking deposits and new user onboarding, a 30‑day compliance deadline, reports of withdrawal issues and an inaccessible cold wallet holding ~4,500 BTC are concrete negative facts that raise counterparty and custody risk for the exchange and could affect user flows.