Zonda Faces Crisis After Losing Access to 4,500 Bitcoin Wallet

[tradelikepro]

Crypto exchange Zonda is under intense scrutiny after revealing that a cold wallet holding over 4,500 Bitcoin — worth roughly $300M+ — is currently inaccessible.

CEO Przemysław Kral stated that the private keys were never transferred by former CEO Sylwester Suszek, who has been missing since 2022. While the exchange denies insolvency, the situation has raised serious concerns about custody practices and internal controls.

[madtrader]

even if they’re solvent, inaccessible funds are still a huge red flag for operational risk