TechFlow news: On April 16, according to Cointelegraph, Polish cryptocurrency exchange Zonda is embroiled in a withdrawal crisis. Current CEO Przemysław Kral released a video statement disclosing for the first time a cold wallet address holding approximately 4,503 BTC (currently valued at around $334 million), stating that the private key for this wallet was never transferred during the company’s leadership transition. Kral explained that the private key should have been handed over by Zonda’s founder and former CEO, Sylwester Suszek—but Suszek has been missing since March 2022.
Kral denied allegations of fund misappropriation, asserting that Suszek’s disappearance itself proves his innocence. Earlier, blockchain platform Recoveris published an analytical report indicating a sharp decline in Zonda’s hot wallet balances—suggesting potential insolvency—and triggering a wave of withdrawal requests. Zonda typically processes about 100,000 withdrawals annually, yet received over 25,000 such requests within several hours around April 6. Kral stated that the company will pursue legal action against these false accusations and reaffirmed its commitment to fulfilling its financial obligations to customers.
