Zonda Crypto Exchange Faces Crisis Over Locked Wallet and Withdrawal Delays

Crypto exchange Zonda is currently facing a major crisis due to a locked wallet containing approximately 4,500 Bitcoin, withdrawal delays, and the absence of its founder. According to reports, the wallet keys were not transferred to the present management, making it inaccessible.

The company has denied any misappropriation of customer funds, claiming that it is a technical problem rather than a fraud issue. In an effort to gain trust, Zonda's CEO Przemysaw Kral posted the wallet address publicly, revealing its contents worth approximately $330 million.

However, the situation has raised concerns among investors about fund safety and user trust. With over 25,000 withdrawal requests in a short period, the exchange is under heavy operational pressure. To cope with this influx, Zonda began to process withdrawals manually, which has further slowed down the system.