PANews reported on April 16th, citing Cointelegraph , that Zonda CEO Przemysław Kral announced an address holding approximately 4,503 BTC (about $ 334 million), stating that the private key to this cold wallet was not transferred by founder and former CEO Sylwester Suszek during the company's handover. Zonda has recently faced scrutiny due to withdrawal delays and suspected bankruptcy rumors. Blockchain platform Recoveryis previously speculated that the company might be insolvent based on a sharp drop in hot wallet balances. Kral denied the allegations of misappropriation and bankruptcy, attributing the withdrawal pressure to a concentrated withdrawal surge triggered by media reports around April 6th , and stated that the company will take legal action and fulfill its withdrawal obligations to users. A Polish parliamentarian claimed that Zonda may have lost access to this cold wallet after Suszek's disappearance in 2022 .