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Poland’s Biggest Crypto Exchange Falls, and Nobody Can Find the Man Who Holds the Keys

BeInCrypto
Poland’s largest crypto exchange, zondacrypto, is facing a collapse as millions in customer funds are inaccessible due to a missing private key.

Summary

Poland's largest cryptocurrency exchange, zondacrypto, is in crisis as users report frozen assets and withdrawal failures. CEO Przemysław Kral claims the exchange remains solvent, citing a wallet containing 4,500 BTC; however, he admits the private key is held only by the company's former founder, Sylwester Suszek, who disappeared in 2022. As Polish regulators and the Prime Minister investigate the situation, including allegations of political influence and suspicious fund transfers, the fate of over one million customers remains uncertain.

(Source:BeInCrypto)