Exchange Zonda stated that one of its cold wallets, holding 4,503 bitcoins (valued at approximately $334 million), is currently inaccessible. CEO Przemysław Kral said the private key was supposed to be transferred by the founder and former CEO, Sylwester Suszek, who has been missing since 2022. Przemysław Kral denied allegations of fund misappropriation, attributing a surge in withdrawal requests to negative media coverage. Zonda plans to take legal action against false statements and pledged to fulfill its obligations to customers. The exchange was renamed from BitBay to Zonda in 2021.
Zonda Cold Wallet Inaccessible Due to Missing Private Key, Holding 4,503 BTC
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Summary
Zonda’s cold wallet, holding 4,503 BTC (approximately $334 million), is currently inaccessible due to a missing private key. CEO Przemysław Kral stated that the key was to be transferred by former CEO Sylwester Suszek, who disappeared in 2022. Kral denied allegations of embezzlement and attributed recent spikes in withdrawals to negative media coverage. Zonda plans to pursue legal action against false reports and will fulfill its financial obligations. The exchange, rebranded from BitBay in 2021, remains operational as BTC prices fluctuate. Traders are also monitoring key altcoins amid market uncertainty.
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