Zonda CEO Discloses Inaccessible 4,503 BTC Wallet

Polish cryptocurrency exchange Zonda is grappling with a major crisis after its CEO publicly disclosed an inaccessible cold wallet holding approximately 4,503 Bitcoin, valued at around 334 million dollars, amid delays in customer withdrawals and heightened regulatory scrutiny.

In a video statement posted on X this week, Zonda CEO Przemysław Kral revealed the wallet's public address to address concerns over the platform's solvency and fund security. He explained that the exchange cannot access the funds because the private keys were never transferred by the company's founder and former CEO, Sylwester Suszek, who has been missing since March 2022. "That is precisely why I wanted to find Sylwester," Kral said, emphasizing his efforts to locate Suszek and urging him to provide the keys. Blockchain records show the wallet's last activity occurred in November 2025, with most of the Bitcoin deposited in March 2016 and minimal subsequent transactions, raising questions about its role in daily operations.

The disclosure comes as Zonda faces a surge in withdrawal requests, with more than 25,000 filed in the days surrounding an April 6 analysis by blockchain firm Recoveris. That report...