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(AsiaGameHub) – Zondacrypto is under scrutiny following comments from CEO Przemysław Kral that the exchange is unable to access a Bitcoin wallet containing 4,503 BTC—currently valued at over $350 million.
Good to Know
- Per Przemysław Kral, the wallet contains 4,503 BTC.
- Kral states that Zondacrypto purchased the wallet from Sylwester Suszek, founder of BitBay.
- Suszek vanished in March 2022 prior to the handover of the private keys.
Zondacrypto Faces Questions Over Lack of Wallet Access
Zondacrypto CEO Przemysław Kral has refuted allegations of fund misappropriation by releasing the Bitcoin wallet address at the heart of the controversy. He noted that the exchange owns the 4,503 BTC wallet but cannot access the funds because the private keys were never provided.
Kral asserts that Zondacrypto acquired the wallet from Sylwester Suszek, BitBay’s founder, before Suszek disappeared in March 2022. He added that while documentation verifies ownership, access depends on keys that never arrived.
“When Sylwester is supposed to hand over the private keys to that address, according to these documents, he disappears instead,” Kral said.
He further denied having any involvement in Suszek’s disappearance.
“To all those who claim I had anything to do with Sylwester’s disappearance: this is the key argument that I care most about him being found. He may be watching this—I appeal to him to fulfill the agreement,” he declared.
The revelation eroded trust in Zondacrypto. Estimates indicate that withdrawals depleted 99% of the exchange’s Bitcoin reserves following Kral’s discussion of the wallet issue. He warned that no financial institution could withstand such a massive outflow.
Reportedly, the wallet received most of its funds in 2016 and has had no significant activity for over a decade. Meanwhile, Suszek’s disappearance remains unsolved. One individual faces kidnapping charges linked to the case, but the former BitBay founder has not been located.
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