Exchange Zonda: Cold Wallet Holding Over $330 Million in BTC Inaccessible Due to Unhanded Private Key

Odaily News Exchange Zonda has stated that one of its cold wallets holding 4,503 bitcoins (worth approximately $334 million) is currently inaccessible. Zonda CEO Przemysław Kral issued a video statement claiming that the private key for this wallet was never transferred during the company's handover process. The private key was originally supposed to be handed over by Zonda founder and former CEO Sylwester Suszek, but Sylwester Suszek has been missing since 2022. Przemysław Kral denied allegations of misappropriating funds and stated that negative media coverage has triggered an unusual surge in withdrawal requests. Zonda plans to take legal action regarding false statements and has committed to fulfilling its obligations to customers. The exchange was renamed from BitBay to Zonda in 2021.