Zonda CEO Reveals Bitcoin Wallet Amid Controversy

Zonda, a Polish cryptocurrency exchange, is facing scrutiny after CEO Przemysław Kral disclosed a cold wallet containing approximately 4,503 bitcoins. According to Foresight News, Kral revealed in a video statement on Thursday that the wallet, last active in November 2025, was supposed to be transferred by Zonda's founder and former CEO, Sylwester Suszek, who has been missing since March 2022. Kral denied allegations of fund misappropriation, stating that finding Suszek is crucial. The disclosure comes amid multiple controversies surrounding Zonda, including investigations by Polish authorities and reports from blockchain analysis platform Recoveris suggesting potential insolvency due to a sharp decline in the exchange's hot wallet balance. Kral previously refuted bankruptcy claims on April 6, asserting that the platform holds over 4,500 bitcoins and remains solvent. Kral noted that Zonda typically processes around 100,000 withdrawal requests annually, but received over 25,000 requests in a short period around April 6, attributing this surge to panic withdrawals triggered by negative media coverage. He announced plans to take legal action against false accusations and assured users of the company's commitment to fulfilling withdrawal obligations. Polish lawmaker Tomasz Mentzen commented on X that Zonda might permanently lose access to the cold wallet due to Suszek's disappearance, though Kral did not confirm any loss of funds in his statement.