2 hours ago
Crypto speech Zonda said a acold wallet holding astir 4,500 Bitcoin is presently inaccessible arsenic the level faces concerns implicit delayed withdrawals.
Zonda CEO Przemysław Kral posted a video connection connected Thursday disclosing the exchange’s wallet address, saying the backstage keys to the wallet were ne'er handed over.
In the statement, Kral denied accusations of misappropriating funds, saying the backstage keys were intended to beryllium handed implicit by Zonda laminitis and erstwhile CEO Sylwester Suszek, who has been missing since 2022.
“So for each those who assertion that I had thing to bash with Sylwester's disappearance, this is the premier statement that I attraction the astir astir Sylwester being found,” Kral said.
The disclosure follows weeks of contention astir the speech aft section reports suggested a probe into Zonda by Polish authorities, followed by an investigation by blockchain level Recoveris, which alleged Zonda could person been insolvent based connected a crisp driblet successful the exchange's blistery wallet balances.
Last recorded transaction dates to November 2025
Kral’s nationalist disclosure of the wallet marks the archetypal clip that Zonda has disclosed the code amid the controversy.
The code cited by the CEO holds 4,503 Bitcoin (BTC) presently worthy astir $334 million, with the past transaction recorded successful November 2025 arsenic of the clip of publication.
Source: Blockchain.comThe CEO antecedently denied insolvency claims pursuing the blistery wallet probe by Recoveris connected April 6, insisting that Zonda remained afloat solvent with much than 4,500 BTC successful holdings.
CEO plans ineligible action, says Zonda volition conscionable lawsuit obligations
In the video, Kral said that overmuch of Zonda’s caller withdrawal unit was driven by an abnormal spike successful withdrawal requests, which helium linked to antagonistic media coverage.
He said Zonda usually processed astir 100,000 withdrawal requests per twelvemonth but saw much than 25,000 requests wrong hours and days astir April 6.
Kral said the institution plans to instrumentality ineligible enactment implicit what helium described arsenic mendacious claims surrounding the speech and promised to fulfill obligations to customers amid withdrawal concerns.
Source: Przemysław KralPolish lawmaker Tomasz Mentzen said connected X that Zonda whitethorn person mislaid entree to its acold wallet pursuing the disappearance of erstwhile CEO Suszek. Kral did not explicitly accidental the funds were lost, but said the backstage keys to the wallet were ne'er transferred during the institution handover.
Suszek has reportedly been missing since March 2022, with reporting referencing alleged transgression ties among definite shareholders of Zonda, formerly BitBay.
Related: French curate says caller measures are coming aft crypto kidnappings
The speech was founded successful Poland successful 2014 and rebranded arsenic Zonda successful 2021. Kral told Cointelegraph successful February that the company registered successful Estonia amid regulatory uncertainty successful Poland, citing delays successful implementing the European Union-wide Markets successful Crypto-Assets (MiCA) regulation.
The contented has drawn the speech into a broader governmental debate, adding unit connected regulators and expanding scrutiny of Poland’s crypto sector.
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