Gate News message, April 16 — Zonda, a Polish-based cryptocurrency exchange, disclosed a critical crisis involving an inaccessible cold wallet containing approximately 4,503 Bitcoin, valued at around $334 million. CEO Przemysław Kral revealed the wallet address publicly for the first time today, stating that the private key was never transferred to the company during its takeover. The wallet’s last on-chain transaction occurred in November 2025. Kral indicated that the key transfer was planned to be handled by Zonda’s founder and former CEO Sylwester Suszek, who has been unreachable since March 2022.
The situation triggered a sharp spike in withdrawal requests. According to Kral, Zonda—which typically processes around 100,000 withdrawal requests annually—received more than 25,000 requests within just a few days around April 6th, driven by panic following negative media coverage. Blockchain analysis platform Recoveris flagged concerns about the exchange’s hot wallet balance decline, warning of a possible bankruptcy risk. Polish authorities are reportedly investigating the exchange.
Kral denied allegations of fund misuse, asserting that Zonda holds over 4,500 Bitcoin and can fulfill all obligations. Polish lawmaker Tomasz Mentzen suggested on X that the cold wallet may be permanently lost due to Suszek’s disappearance, though Kral stopped short of confirming the funds are definitively lost. Management announced plans to pursue legal action against what it termed unfounded allegations while pledging to process all pending withdrawals.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.0024%
Gate News message, April 27 — According to Coinglass data, Bitcoin's 8-hour average funding rate across major exchanges has turned negative at -0.0024%, indicating a shift toward bearish sentiment among traders.
Funding rates vary across platforms: certain major CEXs are charging 0.0003%
GateNews12m ago
Bitcoin Miners' Holdings Hit One-Month Low at 1.8M BTC as Hash Rate Declines
Gate News message, April 26 — Bitcoin miners' holdings dropped to 1,803,263 BTC (approximately $207.9 billion) as of April 25 at 2 p.m., according to CryptoQuant data. This represents a decrease of 1,248 BTC from seven days prior and marks the lowest level in approximately one month since
GateNews24m ago
UTXO Management Launches Dual-Category Digital Credit Yield Funds
UTXO Management announced the formation of the UTXO Preferred Income Strategies LP, issuing a dual-class digital credit income fund, divided into a senior income class and a total return class. The former seeks steady cash flow, monthly distributions, and enjoys priority allocations; the latter uses leverage to pursue capital appreciation. It also issued STRC preferred securities, combining fixed-income and digital asset exposure, offered only in a private placement to qualified investors.
ChainNewsAbmedia2h ago
U.S. Military Confirms Bitcoin Node Operations as Multiple Nations Adopt Crypto for Statecraft
Gate News message, April 26 — Admiral Samuel Paparo, Jr., who leads U.S. forces across the Indo-Pacific, told a Senate panel that Bitcoin matters to national security. The Pentagon is running its own Bitcoin node and conducting operational tests to secure and protect networks using the Bitcoin
GateNews5h ago
Bitcoin Funding Rate Turns Negative at -0.0031%, Major CEXs Show Mixed Rates
Gate News message, April 26 — According to Coinglass, Bitcoin's 8-hour average funding rate across the network is currently -0.0031%, indicating a bearish sentiment among traders.
Among major centralized exchanges, funding rates vary: a leading CEX shows 0.0002%, another major CEX at -0.0004%, a th
GateNews8h ago
Whale Deposits 300 BTC Worth $23.4M to CEX After 2-Year Dormancy
Gate News message, a whale has deposited 300 BTC (valued at $23.4 million) into a centralized exchange after remaining inactive for 2 years. These 300 BTC were originally withdrawn from CEX 3 years ago when BTC was priced at $19,329. The whale is currently holding an unrealized profit of $17.6 milli
GateNews10h ago
