Zondacrypto just pulled off FTX 2.0 and you might not even know about it❗


· Zondacrypto
↦ Poland's biggest crypto exchange
↦ 1M+ users
↦ sponsored sports teams, political events
↦ looked legit
· 2021
↦ ounder Sylwester Suszek sells the company
↦ keeps the private keys to the cold wallet
↦ 4,500 BTC ($330M)
· March 2022
↦ Suszek disappears
↦ nobody knows where he is
↦ nobody knows if he's alive
· Aug 2024 → Apr 2026
↦ hot wallet: 55.7 BTC → 0.086 BTC
↦ 99.7% drop
↦ nobody catches it
· The excuse
↦ "we have a 4,500 BTC cold wallet"
↦ the wallet exists
↦ the keys belong to a missing man
· CEO Przemysław Kral
↦ admits the wallet is inaccessible
↦ flies to Israel days later
↦ holds Israeli citizenship
↦ Israel doesn't extradite its own citizens
· Now
↦ $97M missing
↦ 30,000 users locked out
↦ fraud case open
↦ withdrawals: 100K/year → 25K in one day
not your keys, not your crypto. never was.
BTC-0.1%
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