According to The New York Times, two consecutive heads of the Polish cryptocurrency exchange Zondacrypto (formerly BitBay) went missing within four years. Founder Sylwester Suszek disappeared in 2022, and his successor, Przemyslaw Kral, has been missing since April of this year. Before his disappearance, Kral stated that the exchange held approximately 4,500 BTC, valued at over $300 million, but the access keys to the relevant wallets were held by the missing Suszek. Zondacrypto subsequently became embroiled in disputes over customer assets and withdrawals and is now under investigation by Polish prosecutors. The virtual asset service license of its operating entity, BB Trade Estonia, was revoked on June 29 by Estonia’s Financial Intelligence Unit (FIU).
Zondacrypto executives disappear within four years; exchange faces legal and financial crisis
TechFlowShare
Summary
The Polish crypto exchange Zondacrypto is facing a deepening crisis after two executives disappeared within four years. Founder Sylwester Suszek vanished in 2022, followed by Przemysław Kral in April 2026. Kral had claimed the exchange held 4,500 BTC, but access was controlled by Suszek. Customers are now reporting asset disputes and withdrawal issues. Polish prosecutors are investigating, and the exchange’s Estonian entity lost its licensing on June 29. The case underscores gaps in crypto exchange regulation and enforcement.
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