Why BSV Bank Runs on the 1st and 15th of every month matter…
Why BSV Bank Runs on the 1st and 15th of every month matter
Polish crypto exchange Zonda is facing a severe withdrawal crisis after its CEO, Przemysław Kral, disclosed that a cold wallet holding 4,503 BTC (worth approximately $334 million) is currently inaccessible.
The funds remain frozen because the private keys were never transferred to current management during a company handover; they were supposed to be handed over by founder and former CEO Sylwester Suszek, who has been missing since March 2022.
Key developments in the situation include:
Withdrawal Delays: The exchange reported a surge of over 25,000 withdrawal requests in a few days around April 6, 2026, attributed by Kral to negative media coverage rather than insolvency.
Insolvency Claims: Blockchain analytics firm Recoveris alleged Zonda might be insolvent following sharp drops in hot wallet balances, prompting Polish authorities to reportedly open a probe.
BSV held on any exchange is an IOU and if the exchange enters bankruptcy or hacked those coins are gone