Zonda CEO Przemysław Kral disclosed a cold wallet holding 4,503 BTC (~$334M) that is currently inaccessible because private keys were not handed over during a company handover. Kral denied misappropriating funds, blamed founder and former CEO Sylwester Suszek (missing since 2022), and linked recent withdrawal pressure to an abnormal spike in requests following negative media coverage. The disclosure follows a Recoveris analysis that flagged possible insolvency after a collapse in hot wallet balances; the last transaction from the cited cold wallet was in November 2025. Zonda says it will pursue legal action over false claims and pledged to meet customer obligations.

CEO disclosed 4,503 BTC cold wallet is inaccessible because private keys were never handed over; Recoveris analysis suggested possible insolvency after hot wallet balances collapsed; company cites an abnormal spike in withdrawal requests after negative media coverage and plans legal action.