Zonda admits 4,500 BTC locked in inaccessible wallet as Polish prosecutors launch probe
CoinTelegraph •
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Promote with Leviathan NewsPolish crypto exchange Zonda (formerly BitBay) disclosed that 4,503 BTC (~$334M) sits in an inaccessible cold wallet after 25,000+ withdrawal requests flooded in within days — compared to a normal rate of ~100K per year. Blockchain forensics firm Recoveris found Zonda's hot wallet reserves collapsed 99.7%, from 55.7 BTC to just 0.18 BTC between August 2024 and March 2026, with $21M in assets moved to a single deposit address. Founder Sylwester Suszek has been missing since March 2022, and Poland's National Prosecutor's Office has opened an investigation into irregularities at the exchange.
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