Zondacrypto, a cryptocurrency exchange, is on the brink of bankruptcy following the disappearance of approximately 99% of its Bitcoin reserves. CEO Przemysław Kral has reportedly fled to Israel, complicating potential extradition due to his Israeli citizenship. The company claims that the private keys for about 4,500 BTC were held by founder Sylwester Suszek, who has been missing since 2022 and is presumed dead by prosecutors.
The exchange has halted withdrawals and dissolved its management team. Polish authorities have launched criminal and economic investigations, with actual losses potentially exceeding the official estimate of $100 million (approximately 350 million Polish zloty).
Zondacrypto Faces Collapse as CEO Flees to Israel Amid Bitcoin Disappearance
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