Polish exchange Zonda faces withdrawal halt with 4,500 BTC locked

Polish cryptocurrency exchange Zonda, which is experiencing withdrawal delays, has revealed it cannot access a cold wallet containing approximately 4,500 BTC. According to Cointelegraph, Zonda CEO Przemysław Kral publicly disclosed the address of a cold wallet holding 4,503 BTC. However, he claimed the exchange cannot access the funds because the private keys were never handed over by its founder and former CEO, Sylwester Suszek, who went missing in 2022. Kral has denied allegations of embezzlement. The situation has triggered a de facto bank run, with tens of thousands of withdrawal requests flooding the exchange in recent days amid rumors that it has run out of available funds.